1. Telegen Inc. plans to invest in a project that has an upfront cost of $300,000 and is projected to produce a cash flow of $100,000 each year for the next seven years. Find the net present value of the project if investors require a 25% rate of return. Round your final answer to two decimals. Do not use the dollar sign when entering your response.

2. Yesterday, you placed a limit sell order for four round lots ABC stock with a limit price of $100, which expired at the end of the day. At the time you created your order, DEF traded at $98.75. Over the course of the day, DEF traded between $95-$99.8. Which of the following could have occurred in this situation?

a. you sold 400 shares of DEF yesterday for $100/share

b. you sold 400 shares of DEF yesterday for $32.40/share

c. you sold 400 shares of DEF yesterday for 99.8/share

d none of the above