Jackson Central has a 6-year, 8% annual coupon bond with a $1,000 par value. Earls Enterprise has a 12-year, 8% annual coupon bond with a $1,000 par value. Both bonds currently have a yield to maturity of 6%. What will be price change (percentage) in each bond if the market yield increases to 7%? Present value of a project with the following cash flows if the required rate of return is 12 percent