1. What is the present value of a $1,450 payment made in seven years when the discount rate is 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
2. From the following information, calculate the terminal cash flow: Proceeds from the sale of equipment 100,000; book value of equipment sold 50,000; Year 3 diff cash flow 225,000; tax rate 40%; Depreciation Yrs 1 to 5 125,000; working capital return 75,000.