$10-4.($IRR calculation$)$ Determine to the nearest percent the IRR on the following projects:

An initial outlay of $$10,000$ resulting in a free cash flow of $$2,000$ at the end of year $1,$ $$5,000$ at the end of year $2,$ and $$8,000$ at the end of year $3$

$10-5.($NPV$,$ PI$,$ and IRR calculations$)$ Fijisawa Inc. is considering a major expansion of its product line and has estimated the following free cash flows associated with such an expansion. The initial outlay would be $$1,950,000,$ and the project would generate incremental free cash flows of $$450,000$ per year for $6$ years. The appropriate required rate of return is $9$ percent.

Calculate the NPV$.$

Calculate the PI$.$

Calculate the IRR.

Should this project be accepted?