Numbers File Edit Insert Table Organize Format Arrange View Share Window Help Class Activity 01/1) - Edited T Bu Table Chart Text Shape Media Comment 150% Co Collabor Insert Zoom Add Category Section 2 Problems Section 1 Review_Examples H B D C 3 9 00 101 102 103 8- John and his wife have a farm that carns a net income of $45,000 a year. If they assume that their net income will have a constant growth rate of 5%, and their discount rate is 9% 104 105 106 a. Calculate the new discount rate (t) 107 108 109 110 111 112 b. What is the present value of income carned over the next six years? 113 114 115 116 117 118