please read before answering:

1. can you double check to see if my answer is correct for 1st question.

2. please help solve second question.

A company is considering a project with the following characteristics: Initial investment: $7,000 . Working capital required: $1,000 Annual net cash flows for 4 years: $4,000 per year The working capital will be released at the end of the 4-year project. The company's discount rate is 8% What is the Net Present Value of this project? (Use the present values tables in your pocket for any present value calculations. Don't round intermediate calculations. Round your final answer to the nearest dollar) 5.984 A company is considering a 2-year project with the following cash flows: Initial investment: $1300 . Cash inflow, year 1: $580 Cash Inflow, year 2: $880 Salvage value, year 2: $260 The company uses straight-line depreciation to depreciate the initial investment cost. In other words, annual depreciation is (Initial investment - salvage value)/2. The company's discount rate is 10% What is the Net Present Value of this project? (Use the present values tables at the beginning of the exom for any present value calculations. Don't round intermediate calculations. Round your final answer to the nearest dollar)