1.Jill purchased a share one year ago for $7.00, and it is now worth $14.78. The share paid a dividend of $1.20 during the year. What was the share's rate of return from capital appreciation during the year? (as a percentage to the nearest two decimal points. dont use % sign. eg 2.881% is 2.88)

2.

A project has an initial cost of $280,000 and is estimated to produce cash flows of $X at the end of each year for 5 years. If the internal rate of return for the project is 17.8% p.a. effective, calculate X (to the nearest dollar).

a.

$79645

b.

$879589

c.

$103682

d.

$89132

3.

What is the net present value of a replacement project whose cash flows are -$924,000; $400,000; $779,000; and $147,000 for years 0 through 3, respectively? The firm has decided to assume that the appropriate cost of capital is 16.7% p.a. (round to the nearest dollar)

a.

$83251

b.

$178775

c.

$-60889

d.

$1931251