(A) What is the discount rate at which the following cash flows have a NPV of $0? Answer in %, rounding to 2 decimals. Year 0 cash flow = -106,000 Year 1 cash flow = 34,000 Year 2 cash flow = 37,000 Year 3 cash flow = 29,000 Year 4 cash flow = 43,000 Year 5 cash flow = 38,000 Year 6 cash flow = 33,000

(B) What is the discounted payback period on Versace's proposed investment in a new line of fashion clothes? The expected cash flows appear below. Note that year 0 and year 1 cash flows are negative. (Answer in years; round to 2 decimals) Year 0 cash flow = -98,000 Year 1 cash flow = -29,000 Year 2 cash flow = 37,000 Year 3 cash flow = 54,000 Year 4 cash flow = 53,000 Year 5 cash flow = 47,000 Year 6 cash flow = 51,000