You borrowed money at 7.8% interest to purchase a car. You have 63 monthly payments of $706 left until you pay off the loan with interest. You want to refinance at a lower rate... what is you current balance? Answer to the nearest whole dollar and leave out the $ symbol. QUESTION 2 Redmond Incorporated, with a tax rate of 26% and a weighted average cost of capital of 10.7%, is looking at a project that requires an outlay of $150,000 for equipment at t = 0, that is to be depreciated straight-line (33.33% per year) over a three-year period, and not expected to have salvage value after three years. It also requires an expenditure for $30,000 working capital which can be recovered in year three. There is an expectation that the project will bring in an additional $140,000 revenue with additional operating costs, not including depreciation) of $60,000 every year for the next three years. What is the net present value of this project? Answer to the nearest dollar and no $ sign