F.E

3. A firm is considering a project that has the following cash flow data. What is the project's payback ? Answer in years to the nearest hundredth as in xx.xx.

Year	0	1	2	3	4	5
Cash flows	-$975	$300	$310	$320	$68	$97

4. If you deposit $25,000 in a saving account paying 2.5% per year, how much will you have after 5 years if the bank promises annual compounding? Round your answer to the nearest cent (xxxxx.xx) and enter without the dollar sign.