24. Both you and your older brother would like to have $28,500 in 14 in years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 10.5 percent compared to your brother's 8.7 percent. How much less than your brother will you have to deposit today?

25. A project with an initial cost of $64,820 is expected to generate annual cash flows of $15,810 for the next 7 years. What is the project's internal rate of return?

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