$($CHAPTER $9)$

Your company is considering a new project opportunity. It would immediately pay $$200.$ In return, in the next $4$ years it will receive the following amounts of money:

In $1$ year: $$80$

In $2$ years: $$70$

In $3$ years: $$60$

In $4$ years: $$50$

The required annual rate of return is $19\%.$

Answer the following questions:

$($a$)$ The Internal Rate of Return for this project is

$$

$$

$\%.($Round your answer to TWO decimal places. Put your answer in percent, NOT in decimals. For example, if your answer is $12\mathrm{.}34$ percent, then you need to put $12\mathrm{.}34,$ and NOT $0\mathrm{.}12)$

$($b$)$ This project should be $7$

$($c$)$ This project can be called $$