1. Kingston, Inc. management is considering purchasing a new machine at a cost of $4,309,294. They expect this equipment to produce cash flows of $887,041, $870,440, $990,392, $1,060,034, $1,166,140, and $1,206,503 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.)

2. Hathaway, Inc., a resort company, is refurbishing one of its hotels at a cost of $7,626,080. Management expects that this will lead to additional cash flows of $1,823,447 for the next six years. What is the IRR of this project? If the appropriate cost of capital is 12 percent, should Hathway go ahead with this project? (Round answer to 2 decimal places, e.g. 5.25%.)

3. Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash flows of $13,000,000, $23,000,000, and 29,000,000 over the next three years. The cost of capital is 20 percent.