1. If alternate valuation is elected, the value of the property must be entered for:
a. only the date of death
b. only the alternate valuation date
c. both the date of death and alternate valuation
d. both the date of death and 30 days after the date of death
2. Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the table. What is the NPV of the project?
Year Project
0 ($11,368,000)
1 $ 2,142,590
2 $ 3,787,552
3 $ 3,275,650
4 $ 4,115,899
5 $ 4,556,424