1. Assume you have evaluated a project and the present value of the project's cash flows is $11,246 and the initial outlay required for the project is $9,000. What are the project's NPV and PI?
2. A preferred stock pays a 3% dividend on its $90 par (started or nominal) value, and the required rate of retun is 9%. What is the preferred stock worth?
3. A factory costs $450,000. It will produce an inflow after operating costs of $125,000 in year 1, $225,000 in year 2, and $325,000 in year 3. The opportunity cost of capital is 14%. Calculate the NPV. (Do not round intermediate calculations. Round your answer to 2 decimal places.)