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George Penny will receive $$30,250$ for the next $12$ years as a payment for a slogan he coined. Currently a $11$ percent discount rate is appropriate. $($Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.$)$

a$-1.$ Calculate the present value.

Present value

$

a$-2.$ Should he be willing to sell his future rights now for $$190,000?$

No

Yes

b$-1.$ Calculate the present value if the payments will be made at the beginning of the year.

Present value

$

$$

b$-2.$ Should he be willing to sell his future rights now for $$190,000,$ if payments will be made at the beginning of the year?

Yes

No