Question: 1. 2. You are considering a project that will cost $20,000 today and is expected to bring in $1,500 annually for the next 16 years

You are considering a project that will cost $20,000 today and is expected to bring in $1,500 annually for the next 16 years (starting in one year). What is this project's IRR (Use Excel or financial calculator). Answer in percentage, rounded to two decimal places. You will probably need to increase decimal places for the IRR cell in Excel!) Type your response Installing a solar panel system on your roof comes with a total upfront cost of $20,000. If the solar panels reduce your utility bill by $2,700 per year, what is the Payback period of installing the solar panel system? Round to one decimal place. Type your response

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