A project shows the following cash flow stream: an initial investment of $100, an annuity of $16 a year for 9 years, and a final distribution of $10.

A. (20 points) To find the IRR, please show a table with the discount rates in one column and their corresponding NPVs in another column. Hint: make sure you obtain both positive and negative NPVs.

B. (20) Please draw a chart showing the net PV on the Y-axis and the discount rate on the X-axis. Show the point where the net PV = 0 and the corresponding discount rate (i.e., IRR). Follow the example below.

Year 0 -$100

Year 1 Year 9 $16

Year 10 $10

NPV (Net Present Value) and IRR (Internal Rate of Return) NPV IRR, when NPV = 0 NPV > 0 Discount Rate NPV