1. Vex Corporation is considering three investment projects: A, B, C. Project A would require an investment of $28796, Project B of $61617, and Project C of $88811. No other cash outflows would be involved. The present value of the cash inflows would be $32898 for Project A, $66481 for Project B, and $96597 for Project C. Compute the NPV for Project A.

2. Z Corporation is investigating purchasing equipment that would increase sales revenues by $93829 per year and cash operating expenses by $26109 per year. The equipment would cost $116439 and have a 5 year life with no salvage value. Compute the simple rate of return on the investment. Round your answer to 2 decimal places THEN enter as a percent without the sign i.e. 0.454 would be 45.