Gordon driving school’s 2014 balance sheet showed net fixed assets of $4.8 million, and the 2015 balance sheet showed net fixed assets of $5.4 million. the company’s 2015 income statement showed a depreciation expense of $420,000. what was the company's net capital spending for 2015?

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)