**I need the step-by-step solutions for each**

9. You want to purchase a business with the following cash flows. How much would you pay for this business today assuming you need a 14% return to make this deal? Present value of house to be purchased (PV) = (Payment(( 1+i)^N-1)/ i + FV) / (1 + i)^N

a. First year $150,000

b. Second year $175,000

c. Third year $225,000

d. Forth year $275,000 Present value of house to be purchased (PV) = (Payment(( 1+i)^N-1)/ i + FV) / (1 + i)^N

10. How much would you pay for this business today assuming you needed a 18% return to make this deal? (Same problem as above.) What type of a problem is this? _______________