Calculate the IRR for each of the three cash-flow diagrams below on the next page. Use...

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Calculate the IRR for each of the three cash-flow diagrams below on the next page. Use EOY zero for diagram (i) and EOY four for (ii) and (iii) as the reference points in time. What can you conclude about "reference year" shift and "proportionality" issues (for the cash flows) of the IRR method? $300 $300 $300 $300 $300 0 i. 1 2 3 4 5 $1.000 End of Year $300 $300 $300 $300 $300 0 4 ii. 5 6 7 8 9 End of Year $1.000 $1,500 $1,500 $1,500 $1,500 $1,500 0 4 iii. 5 6 7 8 9 End of Year $5,000 Calculate the IRR for each of the three cash-flow diagrams below on the next page. Use EOY zero for diagram (i) and EOY four for (ii) and (iii) as the reference points in time. What can you conclude about "reference year" shift and "proportionality" issues (for the cash flows) of the IRR method? $300 $300 $300 $300 $300 0 i. 1 2 3 4 5 $1.000 End of Year $300 $300 $300 $300 $300 0 4 ii. 5 6 7 8 9 End of Year $1.000 $1,500 $1,500 $1,500 $1,500 $1,500 0 4 iii. 5 6 7 8 9 End of Year $5,000