1. You are considering a project that promises you cash flows of 503 USD each year for 9 years. Based on the riskiness of the project, you require a 9 percent return. What is the maximum you should be willing to pay?
2. You are considering a project that promises you cash flows of 580 USD each year for 3 years. Based on the riskiness of the project, you require a 13 percent return. The cost to buy into the project is 3,397. What is the project NPV?
3. If money is invested at 8% compounded continuously the time it will take for it to quadruple is approximately what?