Please answer everything!!

1. Find the following values for a single cash flow:
   1. The future value of $600 invested at 9 percent for one year

2. The future value of $600 invested at 9 percent for five year

3. The present value of $600 to be received in one year when the opportunity cost rate is 9 percent

4. The present value of $600 to be received in five years when the opportunity cost rate is 9 percent

2. Consider another set of net cash flows:

Year	Cash flow
0	1,500
1	2,000
2	0
3	1,500
4	3,000
5	4,000

1. What is the net present value of the stream if the opportunity cost of capital is 11 percent?

2. What is the value of the stream at the end of year 5 if the cash flows are invested in an account that pays 11 percent annually?

3. What cash flows today (time 0), in lieu of the 2,000 cash flow, would be needed to accumulate $20,000 at the end of year 5? (assume that the cash flows for years 1 through 5 remain the same.)

3.Assume you are the chief financial officer at Lehman Memorial Hospital. The CEO has asked you to analyze two proposed capital investment Project X and project Y each project requires a net investment outlay of $12,000 and the opportunity cost of capital for each project is 14% the project's expected net cash flows are as following

Year	Project x	Project Y
0	(12,000)	(12,000)
1	6,600	3,500
2	3,500	3,500
3	3,500	3,500
4	3,500	3,500

1. Calculate each projects payback, NPV and IRR.

2. Which project is financially acceptable? Explain