1. You have the following information on a project's cash flows. The cost of capital is 16.1%.

Year	Cash Flows
0	-$105,000
1	47,000
2	13,000
3	31,000
4	39,000
5	-24,000

The NPV of the project is $____. Round to two decimal places.

2. Given a face value of $1,000 and 19 years to maturity, what is the price of a zero coupon bond if rates are at 6.7 percent (assume semi-annual compounding)? (Round your answer to 2 decimal places. (e.g., 123,345.16))

3. Suppose you are going to receive $17,000 per year for 10 years at the end of each year; thus you receive the first payment one year from today. Compute the present value of the cash flows if the appropriate interest rate is 6 percent. Round it two decimal places, and do not include the $ sign, e.g., 123456.78.

4. A stock has a beta of 0.9, the expected return on the market is 7 percent, and the risk-free rate is 1.3 percent. The expected return on this stock must be ______ percent. (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))