1A. A firm has an issue of $1000 par value bonds with a 10 percent coupon. The issue pays interest annually and has 14 years remaining to its maturity date. If bonds of the same risk are currently earning 8.3 percent, what is the price of the bond? Round it two decimial places, and do not include the $ sign, e.g., 935.67.

1B.

You have the following information on the cash flows of a project M. Compute the NPV for the project, if the cost of capital is 14%.

Year	Project M
0	($56,000)
1	17,000
2	18,000
3	26,000
4	26,000
5	55,000