Answer the following questions:

a. Project A in Dubai, requires an initial investment of $36,862,689.00 and the expected cash flows are $16,635,873.00 at the end of the first year and $23,784,892.00 at the end of the second year. What is the minimum rate of return to accept this project?

b. A bond with a maturity of 5 years, has a face value of $1,000,000 and a coupon rate of 5% per year paid annually. Calculate the market value of this bond if investors are expecting a yield of 3% per year.