please answer part B

(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $1.6 million at the time of her retirement in 25 years. She has found a mutual fund that will earn 7 percent annualy. How much wil Sarah have to invest today? If Sarah camned an annual return of 14 percent, how soon could she then retine? GE a. If Sarah can eam 7 percent annually for the next 25 years, the amount of money she will have to invest today is $294798.684038 Round to the nearest cont.) b. Sarah can earn an annual return of 14 percent the number of years until she could retire la years. (Round to one decimal place)