Cooling tools inc. is currently producing 698 of small refrigerators per month but the company's CEO plans to increase production at a rate of 10.57 percent per month until the firm is producing 7,071 refrigerators per month. How many months will this take?

You have been offered the opportunity to invest in a project that will pay $5,707 per year at the end of years one through three and $14,839 per year at the end of years four and five. If the appropriate discount rate is 6.8 percent per year, what is the present value of this cash flow pattern?