Cash flows from a new project are expected to be $6,000, $10,000, $18,000, and $25,000 over the next 4 years, respectively. Assuming and initial cost of $40,000 and a required return of 10%, what is the project's IRR?

	13.91%
	14.47%
	13.49%
	14.19%
	14.75%

A new project will have an initial cost of $75,000. Cash flows from the project are expected to be $45,000, $25,000, and $20,000 over the next 3 years, respectively. Assuming a discount rate of 8%, what is the project's NPV?

	$3,698.41
	$3,817.71
	$3,976.78
	$3,579.10
	$4,056.32