Muncy, Inc., is looking to add a new machine at a cost of $4,133,250. The company expects this equipment will lead to cash flows of $815,822, $863,275, $937,250, $1,020,110, $1,212,960, and $1,225,000 over the next six years. If the appropriate discount rate is 15 percent, what is the NPV of this investment?

Given the following cash flows for a capital project, calculate the IRR using a financial calculator

	Year
	0	1	2	3	4	5
Cash Flows	($50,467)	$12,746	$14,426	$21,548	$8,580	$4,959

Options:

	8.41%
	8.05%
	8.79%
	7.9%

An investment of $83 generates after-tax cash flows of $48.00 in Year 1, $72.00 in Year 2, and $125.00 in Year 3. The required rate of return is 20 percent. The net present value is