1. A stock had a return of 15.2 percent last year. If the inflation rate was 1.8 percent, what was the approximate real return? (Round your answer to 1 decimal place. Omit the "%" sign in your response.)
2. A factory costs $390,000. You forecast it will produce cash inflows of $143,000 in year? 1, $270,000 in year? 2, and $340,000 in year 3. The cost of capital is 10?%. What is the net present value? (NPV) of the? factory? The NPV of the factory is $___. (Round to the nearest? cent.)