1. A firm is trying to forecast cash flows for a three-year project. The cost of the project today is $421,579.00. The firm knows the first year cash flow will be $125,208.00, while the second year cash flow will be $200,192.00. How much will the third year cash flow HAVE to be to generate an IRR of 8.00%?

2.

Category Prior Year Current Year

Accounts payable 3,165.00 5,951.00

Accounts receivable 6,966.00 9,010.00

Accruals 5,726.00 6,107.00

Additional paid in capital 20,276.00 13,059.00

Cash ??? ???

Common Stock 2,850 2,850

COGS 22,668.00 18,570.00

Current portion long-term debt 500 500

Depreciation expense 1,049.00 1,030.00

Interest expense 1,266.00 1,131.00

Inventories 3,007.00 6,688.00

Long-term debt 16,768.00 22,478.00

Net fixed assets 75,910.00 74,180.00

Notes payable 4,000.00 6,519.00

Operating expenses (excl. depr.) 19,950 20,000

Retained earnings 35,961.00 34,703.00

Sales 46,360 45,761.00

Taxes 350 920

What is the firm's cash flow from financing?

3.

Category Prior Year Current Year

Accounts payable 3,126.00 5,968.00

Accounts receivable 6,944.00 8,921.00

Accruals 5,756.00 6,093.00

Additional paid in capital 20,438.00 13,914.00

Cash ??? ???

Common Stock 2,850 2,850

COGS 22,625.00 18,089.00

Current portion long-term debt 500 500

Depreciation expense 991.00 962.00

Interest expense 1,253.00 1,125.00

Inventories 3,000.00 6,685.00

Long-term debt 16,671.00 22,050.00

Net fixed assets 75,797.00 74,055.00

Notes payable 4,027.00 6,567.00

Operating expenses (excl. depr.) 19,950 20,000

Retained earnings 35,736.00 34,805.00

Sales 46,360 45,351.00

Taxes 350 920

What is the firm's total change in cash from the prior year to the current year?