(d) Consider a project costing $1 million. Suppose the project generates cash flows at the end of each year equal to $120,000 starting at the end of the second year. (i) Compute the NPV of this project assuming a cost of capital of 10%. (ii) Compute the IRR of this project. (iii) Is the IRR unique? Explain. (e) Consider a 6-year bond trading at 105 with MD of 5.1. Estimate the gain or loss on the bond (in percent) should the YTM fall by 1.25%