1.A company is analyzing two mutually exclusive projects, E and F, whose cash flows are shown below:

Years	0	1	2	3	4
Cash Flow E	-$1,100	$900	$350	$50	$10
Cash Flow F	-$1,100	$0	$300	$400	$850

The company's cost of capital is 12 percent, and it can get an unlimited amount of capital at that cost. What is the regular IRR (not MIRR) of the better project? (Hint: Note that the better project may or may not be the one with the higher IRR.)

		12.53%
		17.46%
		13.88%
		13.09%

2.Compute the IRR for Project X and note whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 10%.

	Time:	0	1	2	3	4	5
	Cash Flow:	-1300	400	400	400	400	400

		16.32%; accept
		16.32%; reject
		13.44%; accept
		13.26%; reject

3. Compute the NPV for Project X and accept or reject the project with the cash flows shown below if the appropriate cost of capital is 9 percent.

Year	0	1	2	3	4	5
Cash Flow	-$1000	-$75	$100	$100	$0	$2000

		$-639.96
		$360.04
		$392.44
		$486.29