1. You have $1,100 today and want to triple your money in 6 years. What interest rate must you earn if the interest is compounded annually?

A. 12.25 percent

B. 20.09 percent

C. 12.00 percent

D. 25.99 percent

E. 2.00 percent

2.

The net working capital invested in a project is generally:

A. recouped in the first year of the project.

B. the sum of current assets and current liabilities.

C. recovered at the end of the project.

D. depreciated to a zero book value over the life of the project.

E. a sunk cost.