18. Today (T=0), you deposit $250.00 in a savings account. You make no additional deposits and no withdrawals over the next 10 years (T=10). In 10 years, you have $539.73 in your savings account. Assuming a constant interest rate, the balance of you savings account in 5 years (T=5) is closest to: a. $342 b. $367 c. $378 d. $394 e. $400 19. Assuming a discount rate of 8%, a cash flow of $1.00 two years from now (T=2) a. is worth about 16.6% less than a $1.00 cash flow received today (T=0) b. is worth about 14.3% less than a $1.00 cash flow received today (T=0) c. is worth about 13.0% less than a $1.00 cash flow received today (T=0) d. is worth about 85.7% more than a $1.00 cash flow received today (T=0) e. is worth about 87.0% more than a $1.00 cash flow received today (T=0) Use the following information about Company Y to help answer problems 20-22. Today (T=0), Company Y proposes to invest in project 1 or project 2 The appropriate discount rate is 8.0% Each project's cash flows are forecasted below Project 1 Project 2 T=0 $ (340) $ (400) T=1 $ 80 $ 85 T=2 $ 80$ 90 T=3 $ 80 $ 95 T=4 $ 80 $ 100 T=5 $ 80 $ 105 TE6 $ 80 $ 110 20. The discounted payback period for Project 1 is closest to: a. 51 months b. 53 months c. 63 months d. 65 months e. 67 months 21. The internal rate of return of Project 1 is closest to: a. 10.8% b. 11.0% c. 11.8% d. 12.0% e. 17.8% 22. The crossover rate for the projects is closest to: a. 11.2% b. 13.4% c. 14.3% d. 16.4% e. 17.3%