1.a) A project has an initial cost of $84,272, and promises to pay a fixed cash flow per year for 3 years. It has been determined that using a discount rate of 14 percent, its net present value is $133,083. What must be the expected annual cash flow?

1.b) A project has the following cash flows for years 1 through 3 respectively: 1,109, 1,237, 1,597. Using a discount rate of 9.3 percent, it has been determined that the profitability index is 1.09. What must the project's initial cost be? (Enter absolute value of the initial cost.)