1. Determine the net present value of a project that costs $1,000 today and has a single cash inflow of $1,367.63 occurring at the end of three years if the cost of capital is 11%.

A) 0

B) $6

C) $17

D) $22

E) $33

2. Round cash management techniques would support

a. minimizing collection float, maximizing disbursement float, and minimizing the cash turnover.

b. minimizing collection float, maximizing disbursement float, and maximizing operating cash.

c. maximizing collection float, minimizing disbursement float, and minimizing operating cash.

d. minimizing collection float, maximizing disbursement float, and minimizing the cash conversion cycle.