1. (Part 1 )A project that costs $1,000 to undertake and generates $200 per year in revenues for 8 years, has a present value of $1,067. Which of the following is true?
   1. The net present value of the project is $2,067.
   2. The net present value of the project is $1,067.
   3. The net present value of the project is $67.
   4. The project should not be undertaken.

2. (Part 2) Which amount is worth more at 15%: $1,000 in hand today or $2,000 due in 5 years?
   1. $1,000 in hand today.
   2. $2,000 due in 5 years.
   3. Both amounts are the same.
   4. We need more information.

3. (Part 3) Which amount is worth more at 10%: $1,000 in hand today or $2,000 due in 5 years?
   1. $1,000 in hand today.
   2. $2,000 due in 5 years.
   3. Both amounts are the same.
   4. We need more information.