Rotorua products, ltd., of new zealand markets agricultural products for the burgeoning asian consumer market. the company’s current assets, current liabilities, and sales over the last five years (year 5 is the most recent year) are as follows: year 1 year 2 year 3 year 4 year 5 sales $ 4,588,460 $ 4,861,720 $ 5,074,410 $ 5,571,690 $ 5,822,620 cash $ 98,597 $ 104,064 $ 92,084 $ 77,551 $ 74,868 accounts receivable, net 411,411 435,071 446,849 511,453 579,010 inventory 809,668 869,291 822,584 896,385 910,149 total current assets $ 1,319,676 $ 1,408,426 $ 1,361,517 $ 1,485,389 $ 1,564,027 current liabilities $ 317,772 $ 345,698 $ 338,930 $ 323,694 $ 395,024 required: 1. express all of the asset, liability, and sales data in trend percentages. use year 1 as the base year

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76