1. The cyclone golf resorts is redoing its golf course at a cost of $2,744,320. It expects to generate cash flows of $1, 223,445, $2,007,812, and $3,147,890 over the next three years. If the appropriate discount rate for the firm is 13 percent, what is the NPV of this project?

2. Sprint Nextel Corp. stock ended the previous year at $30.56 per share. It paid a $2.67 per share dividend last year. It ended last year at $26.09. If you owned 570 shares of Sprint, what was your dollar return and percent return? (Round "Percent return" to 2 decimal places.)