Please answer the question and show work involved.

Question 1 Not complete Marked out of 300 P rog question NPV and IRR: Unequal Annual Net Cash Inflows Assume that Goodrich Petroleum Corporation is evaluating a capital expenditure proposal that has the following predicted cash flows: initial inwestment 56521101 Operation Yeart 21.000 Year 2 26.000 Year 19,000 Salvage 0 3. Using a discount rate of 10 percent, determine the net present value of the investment proposal 5 b. Determine the proposals internal rate of return. (Refer to Appendix 240 if you use the table approach.) Hint: You will need to use a'trial and error approach Round to the nearest percent. (Example: 0.15268 - 15%)