(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $7.000 a year for the next 4 years (periods 11 through 14) plus an additional amount of $14,000 in the last year (period 14)? Assume an interest rate of 8 percent. The amount of money you have to deposit today is $. Round to the nearest cent.) (Present value of a complex stream) Don Draper has signed a contract that will pay him $60,000 at the end of each year for the next 5 years, plus an additional $120,000 at the end of year 5. If 11 percent is the appropriate discount rate, what is the present value of this contract? The present value of the contract is $. (Round to the nearest cent.)