1. Please describe the pricing method or system of Bitcoin in at least 400 words. You can have reference online but be sure not to have word-to-word problem.
2. A project has an initial cost of $498,000 and projected net income of $45,000, $49,000, and $52,000 a year for the three years of the project, respectively. The initial cost will be depreciated on a straight-line basis over the life of the project. What is the accounting rate of return for this project?
18.79 percent
19.54 percent
19.96 percent
17.48 percent