1. A factory costs $380,000. You forecast it will produce cash inflows of $176,000 in year 1, $290,000 in year 2, and $350,000 in year 3. The cost of capital is 11%. What is the net present value (NPV) of the factory? The NPV of the factory is $ __. ?(Round to the nearest cent.)

2. Suppose you're presented with a proposal for a project that costs $4,300 and will bring in $20,200 the first year. The next year, you'll have to pay out $15,800. With a cost of capital of 14 %, calculate the net present value (NPV) for this project. The NPV of the project is $ ___. ?(Round to the nearest cent.)