1. Project L costs $45,000, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 11%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
2. Suppose you sell a fixed asset for $124,000 when it's book value is $153,000. If your company's marginal tax rate is 15%, what will be the effect on cash flows of this sale (i.e., what will be the after-tax cash flow of this sale)? $128,350 $24,650 $153,000 $29,000