1. Vance incorporated is considering investing in a project with the following expected cash flows: -172, 59, 51, 98. If Vance's expected cost of capital is 0.19, what is the expected NPV of the project?
2. Heinlein Inc is considering investing in a project with a cost of $100k. If the project is expected to produce cash flows of $50 in year 1, 120 in year 2, and 447 in year 3, what is the payback period.
3. A 20-year bond has a 8.4% yield to maturity and is currently priced at $920. The coupons of the bond are paid annually. What is the annual coupon rate on the bond.