5. (2 points) What is the net present value (NPV)? Round the nearest $0.01. 6. (2 points) What is the internal rate of return (IRR)? Round to the nearest 0.01%.

Use the following table and information to answer questions 4-6. A firm is considering whether or not to purchase an asset to expand its operations. Below is a table of the cash flows associated with the asset over its useful life. The firm has a required rate of return of 16.50%. The asset has no salvage value. Year 0 1 2 Cash Flow -$10,750 $3,450 $1,800 $1,600 $1,200 $5,275 4. (2 points) What is the payback period? Round to the nearest 0.01. 3 4 5