Currently, industrial scale 3D printers are expensive at about $100,000 each. They are, however, very helpful as they can save the owner about $25,000 per year by shortening product development times. It can operate for five years at which time it will be obsolete and will be sold for negligible value. If the company were to purchase the printer what would be the NPV of this project if the applicable discount rate is 7% per year? a. $4754 b. $5874 c. $7887 d. $2505

2. You have just purchased a car on credit for $3,000 with no money down. The dealership has asked you pay or the car by making 20 equal monthly payments of blended principal and interest beginning 1 month from now. The stated rate on the loan is 12% APR. How much is each payment? a. $37.53 b. $166.25 c. $212.87 d. $none of the above e. $125.84