1. Project L costs $35,000, its expected cash inflows are $11,000 per year for 7 years, and its WACC is 13%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
2. A long forward contract on a non-dividend-paying stock was entered into some time ago. It currently has 4 months to maturity. The risk-free rate with continuous compounding is 7.2% per annum, the stock price is $38.76 and the delivery price is $30. Calculate the value of the forward contract?