Using the following present value tables:

Evaluate the investment using net present value analysis:

a) A company is interested in making an investment that would pay $100,000 per year for five years. How much would the company need to invest to earn 11% on this five-year investment? $ (round to the nearest whole thousand dollars - examples: $142,521 = $143,000 or $142,277.00 = $142,000)

b) An individual is expecting to receive a one-time payment of $200,000 at the end of four years. If the individual has to invest funds at 8% today, what is the present value of the future payment to the individual, today? $ (round to the nearest whole thousand dollars - examples: $142,521 = $143,000 or $142,277.00 = $142,000)