Joon.com is considering two projects given below:

If the two projects have the same payback period, what would be Project 2s internal rate of return (IRR)? (Hint: You need to find Project 1s Payback period and find project 2s cash flow at year 0 using Project1s payback period). Must show work

Year	Project 1	Project 2
	Cash Flow	Cash Flow
0	-$100	?
1	30	40
2	50	80
3	40	60
4	50	60