Question 45: Please explain where they get 1000 from on project A?

Question 47: Please tell me the steps for how to enter on my calculator NOT excel, I keep getting the wrong answer. Thank you.

Use the information for the question(s) below Time 0 Time t Time 2 Time 3 Project AProject B 10,000 4,000 3.000 10,000 10,000 5,000 4,000 3,000 45. If WiseGuy Inc. uses payback period rule to choose projects, which of the projects (Project A or Project B) will rank highest? A) Project A B) Project B C) Project A and Project B have the same ranking. D) Cannot calculate a payback period without a discount rate. For project A, the payback period is 2 + 1,000/3,000 2.33 years For project B, the payback period is 2+ 3,000/10,000 2.30 years 47. Mary is in contract negotiations with a publishing house for her new novel. She has two options. She may be paid $100,000 up front, and receive royalties that are expected to total $26,000 at the end of each of the next five years. Alternatively, she can receive $200,000 up front and no royalties. Which deal should she take given a discount rate of 8%? PV of the first deal for r 8% $203,810 100,000 + 26,000 0.0811-10851-203,810 PV of the second deal $200,000