1 A)

You have the following information on a project's cash flows. The cost of capital is 12.5%

Year	Cash flows
0	-$ 107 ,000
1	23,000
2	33,000
3	33,000
4	32,000
5	46,000

The NPV of the project is $____. Round to two decimal places.

1B)

You have the following information on a project's cash flows.

Year	Cash flows
0	-$110,000
1	33,000
2	33,000
3	32,000
4	59,000
5	55,000

The project's payback is ____ years. Round it to two decimal places.