For all time value of money calculations, use time value of money factors with at least four decimal places and then round your final answer to the nearest whole dollar. 1. The Global-Comm Corporation is considering two different capital investment projects and the company's management put together the following cash flow estimates: The Portugal Purchase cost 17,000 Estimated net cash inflows Year 1 12,000 Year 2 6,000 Year 3 4,000 The Costa Rica 10,000 8,000 4,000 2,000 What is the cash payback period on each project (rounded to two decimal places)? Assuming an interest rate of 10 percent, what is the NPV of each model? 2. You recently received a birthday gift of $500 and you decide to save it for later use. If you deposit it into an investment account that pays 6 percent interest, how much will be in the account in 3 years? 3. You have recently opened a retirement account and decided to deposit $3,000 a year in the account. If you want to retire in 45 years and the account earns 8 percent interest, how much will you have in your account when you retire? 4. The Smith Company borrowed $60,000 from a local bank on January 1, 2019 at an interest rate of 6 percent that will be repaid in full at the end of the three-year term. Prepare all of the transactions the company would record in a tabular analysis related to the loan. 5. If you are able to earn 4 percent interest, what amount would you need to invest to have $1,950 two years from now? 6. You plan to finance the purchase of a new house with a bank loan of $425,000; the terms of the loan include an interest rate of 4 percent and a 30-year term with annual payments. How much interest will you pay over the life of the loan?