1) Consider the following cash flows:
Year Cash Flow
0 –$ 33,500
1 13,500
2 18,200
3 10,900
Required:
What is the IRR of the above set of cash flows? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
2) Your coin collection contains 57 1952 silver dollars.
Required:
If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2055, assuming they appreciate at a 6.4 percent annual rate? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)