QUESTION 11 The future worth in year 10 of an arithmetic gradient cash flow series for years 1 through 10 is $700,000. If the gradient increase each year, G, is $3000, determine the cash flow in year 1 at an interest rate of 8% per year. The cash flow in year 1 is $_. QUESTION 12 A start-up company that makes robotic hardware for CIM (computer integrated manufacturing) systems borrowed $1.4 million to expand its packaging and shipping facility. The contract required the company to repay the lender through an innovative mechanism called "faux dividends," a series of uniform annual payments over a fixed period of time. If the company paid $310000 per year for five years, what was the interest rate on the loan? The interest on the loan was_%. QUESTION 13 An A&E firm planning for a future expansion deposited $32,000 each year for 5 years into a sinking(investment) fund that was to pay an unknown rate of return. If the account had a total of $452,000 immediately after the fifth deposit, what rate of return did the company make on these deposits? The rate of return that the company made was _ %