part a and b

Question #57 [6 points). a. Dolphin Point Charters is projecting cash flows in the following amounts over the next four years from a particular business line. Assuming an opportunity cost of 10%, what will be the value of the cash flows as of year 5? (3 points) Year Cash Flow 1 $25,000 2 $27,500 3 $27,500 4 $22,000 b. Sadie currently has a credit card balance of $12,500. The credit card carries an APR of $21.99%, compounded monthly. If Sadie makes a monthly payment of $245 per month, how long (in years) will it take Sadie to pay off the account, assuming she adds no further charges to the account? (3 points)