A proposed project involves the use of some existing assets, which were purchased 10 years ago for $1,050,000 and currently estimated to be worth $800,000. These assets have been depreciating according to a straight-line method over 14 years. With a tax rate of 30%, this implies an opportunity cost at t=0 of:

Group of answer choices

$650,000

$560,000

$785,000

$800,000

$750,000

What is the present value of a stream of growing cash flows, which starts in exactly 3 years from now? Cash flows are paid monthly. The first cash flow is $1,000, which will continue to grow for 18 more months at 3% per month. There are no other cash flows beyond these. The APR is 9%, compounded quarterly.