Part 1) A solar energy is expected to generate $10 million next year after that, it is expected to grow at 2.0% every year, in in perpetuity (forever). The cost of the project is $50 million and the appropriate discount rate is 18.0%. The project Net Present Value is closest to:

A) $10 million

B) Greater than $60 million

C) $5.55 million

D) $12.5 million

Part 2) Thirty-five years ago, your father invested $2,000. Today that investment is worth $98,407. What rate of return has your father earned on his investment?

A) 10.94%

B) 9.99%

C) 10.50%

D) 11.77%

E) 11.33%

Part 3)

The present value of $250,000 in 180 days assuming 6.0% interest rate and daily compounding (assume 365 days), is closest to:

A) $246,328.75

B) $235,849.06

C) $242,718.45

D) $242,711.70