1.First Part: A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $68. The project's cash flows that come in at the end of each year are $23 for 4 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 19%? Answer #1: Place your answer in dollars and cents without the use of a dollar sign or comma. If applicable, a negative answer should have a "minus" sign in front of the number. Work your analysis out to at least 4 decimal places of accuracy. Second Part Based upon the NPV decision rule, should the company accept or reject the project? Answer #2:(Accept or Reject) Place your aswer as the word "accept" or the word "reject".

2.A real estate developer plans to construct and then rent a 15-unit office building. The construction costs will be incurred immediately and are expected to be $725. The annual cash flow on all units is expected to be $180 starting in one year and continuing for a total of 3 consecutive years. Calculate the profitability index for the office building using a required rate of return of 6.950%. Your answer should be in the form of a number and should not include a percentage sign. For this calculation it is best to include more than 2 decimal points, such as an answer of 0.935 instead of 0.93 or 0.94.

3.A research division of a large consumer electronics company has developed a new type of mp3 player. The project will require an immediate cash outflow of $1,665,321. The new project is expected to produce cash flows of $500,000 per year for 4 consecutive years beginning at the end of year one. What is this projects internal rate of return? Place your answer in percentage form without the percent sign. For example, if your answer is four point seven two percent, you should enter your answer as 4.72 and not as .0472 or as 4.72%.