1. A firm is evaluating a project with an initial cost of $ 608,540 and annual cash inflows of $ 313,145 per year (first cash flow to be received exactly one year from today) for each of the next 5 years. If the cost of capital for this project is 16 %, what is this project's NPV?
2. Should Analysts be Separated from Securities Firms to Ensure No Conflicts of Interest?