A couple purchased a bond for $950.00 three years ago. The bond pays 6.875% APR with semi-annual coupons with a face value of $1,000. Currently, the bond has exactly 10 years until maturity, and investors seek a return of 12.00% APR on bonds of similar risk.

What is the current price of the bond?

Recently, Walt Disney World launched a new system for guest management. The FASTPASS+ system lets guests reserve rides before they get to Disney World. The cost of developing this system was $5.00 million. Lets simplify the problem and assume that the project will increase cash flows to Disney World by $1.00 million per year for the next 10.00 years ($1 million for year 1, $1 million for year 2, etc). I

f the cost of capital at Disney is 12.00%, what is the NPV of this project? (express in units of million)