1. The business plan for KnowIt, LLC, a start-up company that manufactures portable multi gas detectors, showed equivalent annual cash flows of $400,000 for the first 5 years. If the cash flow in year 1 was $310,000 and the constant increase thereafter was $50,000 per year, what interest rate was used in the calculation?
The interest rate used in the calculation was (%)
2) Consider the following factors.
1. (F/P,18%,33)
2. (A/G,14%,54)
Find the numerical values of the factors using linear interpolation.
The numerical value of factor 1 is ...
The numerical value of factor 2 is ..