Answer the following question:
Question 1: What is the EAR of 15.9% per annum, compounded weekly? Show your answer to two decimal points.
Question 2: What is the NPV for an investment with an initial outlay now of $420, and expected cash inflows of $188, $213 and $301 at the end of years one through three, respectively, at a discount rate of 9.7%?
Please explain in detail and also provide step by step solution.