Question 2 (3.33 points) A firm has identified an investment project with cash flows of $500, $ 720, $950, and $1,150 respectively for year 1, 2, 3, and 4. If the discount rate is 9%, what is the present value of these cash flows? 1) $2,507.38 2) $2,612.99 3) $2,736.97 4) $2,783.37 Question 3 (3.33 points) Your balance on your credit card is $6,000. You commit to pay $300 per month to pay it off. If the credit card company charges you 15% annual interest rate compounded monthly, how long will it take you to pay off your account? O 1) 1.59 years 2) 1.71 years 3) 1.86 years O4) 1.93 years