For the following two cashflows, calculate the NPV. Round values in intermediate calculation to four decimal places. Round answers to two decimal places. Use a minus sign to indicate a negative NPV. An outflow of $7,000 followed by inflows of $3,000, $2,500, and $3,500 at one-year intervals at a cost of capital of 6%.

$ No $ sign.

An initial outlay of $35,400 followed by inflows of $6,500 for three years and then a single inflow in the fourth year of $18,000 at a cost of capital of 13%. (To reduce the number of calculations, treat the first three inflows as an annuity in your calculations.)

$ No $ sign.