13.2% The IRR cannot be determined. 12.6% 18.5% Question 32 (0.8 points) A firm is considering an investment project that costs $250,000 today and $250,000 in one year, but would produce benefits of $50,000 a year, starting in one year, forever. What is the NPV of this investment project if the firm applies an annual discount rate of 5.7% to all future cash flows? Your Answer: Answer Question 33 (0.8 points) The profitability index reflects the value created per dollar: O 1) of net income