1.) A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:

Year Cash Flow 0 -24,000 1 15,000 2 -5,622 3 25,000

What is the NPV of the project if the opportunity cost of capital is 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

2.)

A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows:

Year Cash Flow

0 $ -34,000

1 15,000

2 12,315

3 13,000

What is the NPV of the project if the opportunity cost of capital is 24 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)