1. Consider a firm with a contract to sell an asset for $136,000 five years from now. The asset costs $72,000 to produce today. Given a relevant discount rate on this asset of 14 percent per year, calculate the profit the firm will make on this asset. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Firm's profit(loss) $   

At what rate does the firm just break even? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Break-even interest %