Question: Please help using Financial Calculator 1. By purchasing training software for $7,000, you can eliminate other training costs of $3,400 each year for the next

Please help using Financial Calculator

1. By purchasing training software for $7,000, you can eliminate other training costs of $3,400 each year for the next 10 years. What is the IRR of the software?

Group of answer choices

a. 48.25%

b. 46.55%

c.47.58%

d. 50.45%

e. 52.13%

Please help using Financial Calculator

2. A new security system has a price-tag of $8,000, but should save your company $3,600 each year for the next 10 years in reduced thefts. What is the profitability index of the security system? Use a discount rate of 10.7%. Group of answer choices

a. 2.33

b. 2.79

c. 2.42

d. 2.51

e. 2.68

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