2 Part Question

Day Interiors is considering a project will produce cash inflows of $2,800 a year for 4 years with a final cash inflow of $5,700 in year 5. The project's initial cost is $9,500. What is the Payback period of this project if the required rate of return is 16 percent?

	2 years
	4 years
	3 years
	1 year

Day Interiors projects the following cash flows for their project. What is the IRR of this project?

Year	CF
0	-$116,600
1	35,900
2	60,000
3	45,000
4	20,000

	11.42 percent
	8.22 percent
	15.46 percent
	7.03 percent
	9.73 percent