1. What is the Effective Annual Rate ( EAR) if a bank charges you an APR of 11.00 percent, compounded monthly?

Group of answer choices

11.0%

11.57%

2.A project has cash flows of $148,000, $42,500, $83,500, and $67,000 for Years 0 to 3, respectively. The required rate of return is 13 percent. Based on the internal rate of return of ________ percent for this project, you should ________ the project. State the IRR and your recommendation.

Group of answer choices

6.46%; Reject

13.53%; Reject

17.47%; Accept

6.46%; Accept

13.53%; Accept

11.75%

12.39%