1) If the annual interest rate is 8 percent, what is the 3-year discount factor

2) The present value of $100 expected 5 years from today at a discount rate of 3 percent is

3) Renewable System Company is considering investing in a new project. The project will need an initial investment of -99998.97 and will generate 129219 (after-tax) cash flows for three years. Calculate the NPV for the project if the cost of capital is 14 percent.