1. A financial institution quotes a rate of 5.82 percent compounded daily. What is the effective rate for the year using a 365 day year? (Do not round intermediate calculations, round answer to two decimals, i.e. 123.45)

2. Felice Navidad purchases 2,000 shares of NOW Technology stock at $7 in Christmas 6 years ago. In Christmas of 2019 she sells the stock at $38 per share. What is Felices internal rate of return?(Do not round intermediate calculations, round answer to two decimals, i.e. 123.45)