Let us assume there is a project that will bring in $41,592.42 five years from now, assuming the interest rate of 11.2% that will compound semiannually. What is the projects present value?

$24,119.87

$25,691.33

$26,629.39

$24,461.90

Assume there is a project that will bring in $26,641.72 seven years from now at the initial investment of $10,000. What will the (annual) interest rate be? Assume the interest rate compounds semiannually.

14.8%

14.7%

14.5%

14.6%