What is the value of a semi-annual bond that has a coupon rate of 2 percent, paid semi-annually, 8 years to maturity, and a face value of $1000, if it is priced to yield 6 percent?Report your answer to the nearest cent (e.g. 1234.56)

The company spent $10 million on research and development for a new product and now evaluating whether to manufacture this product. The cost of the equipment to produce the new product is $151 million, and the cost to install the equipment is $6 million. In addition, the company will use a building that originally cost $210 million, but which is on the books at $40 million; the company has no other use for this building and it would remain unused otherwise. What is the initial cash outlay associated with this project in millions? Report your answer to the nearest whole dollar (e.g., 1234). The outlay should be a positive number.

A company is considering a new project with the following Year 1 information:

Incremental revenues	$150,000
Depreciation	$13,855
Other incremental operating costs	$87,963
Marginal tax rate	30%

The project's Year 1 free cash flow is:

Report your answer to the nearest cent (e.g., 1234.56).