1A)

You are evaluating a 4-year project, and its cash flows are -42000, 27000, 12000, 23000, 31000 for years 0 to 4, respectively. If the cost of capital for the project is 14.9 percent, what is the project's NPV?

1B)

You have the following information on a project's cash flows.

Year	Cash flows
0	-$110,000
1	33,000
2	33,000
3	32,000
4	59,000
5	55,000

The project's payback is ____ years. Round it to two decimal places.