Calculate the future value of an annual annuity of $2,400 beginning today and continuing for 18 6. years, assuming an earnings rate of 7.5% 7 Calculate the NPV of a machine which is bought for $25,000 sold at the end of years for $7,300 and produces the following cash flows: year 1) +$700;year 2) +$1200; year 3) +$2400; year 4) +$9,000; year 5) + $4,800, assume the cost of capital is 12% & Calculate the IRR of a project that requires an initial cash outflow of $4,000 and will be sold at the end of year 5 for $3,000. The project produces the following cash flows: year 1) +$2,000 year 2) -$1,750; year 3) +$2,500; year 4) +$1,250; year 5) +$750. 9. Sarah borrowed $7,000 from her aunt to buy a car. Sarah paid back $10,500 to her aunt at the end of 3 year. What was the average annual compound rate of interest on Sarah's loan from her aunt? 10. True/False - Money received today is worth more than the same amount of money received at a future date