1. March Forward has developed a project that requires an immediate investment of $280. The project's long-term cash flows are $100 for 5 consecutive years beginning in one year, and the project has a required rate of return of 3%. Based on these estimates, what is the project's NPV.
2. For the most recent year KRJ Enterprises reported net operating profits after tax of $2,041 and it expects its NOPAT to increase 6% next year. The company also reported net operating assets of $31,218 and expects NOA to increase by 3% next year. What would be the forecasted amount of free cash flow for next year?