1. What is the payback period for the investment project that has the following cash flows? (Round your answers to 2 decimal places. (e.g., 32.16)) Year Cash Flows 0 -69214 1 24891 2 29965 3 28044 4 22428
2. Six years ago, you had arranged for an eight-year bank loan for $350,000 at an interest rate of 12% p.a. with interest compounded semi-annually. The loan was being repaid in equal semiannual instalments and the payments were being made at the end of each period. The total amount still owed the bank today is closest to:
a) $120,008.
b) $138,533.
c) $185,607.
d) $185,744.