Diamond enterprises is considering a project that will produce cash inflows of $238,000 a year for three years followed by $149,000 in year 4. what is the npv and internal rate of return if the initial cost of the project is $749,000 and the discount rate is 13%? a. npv of -$421,692 and irr of -36.77% b. npv of -$95,661 and irr of 6.32% c. npv of $111,375 and irr of 6.32% d. npv of $1,402,339 and irr of error 5

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.