Please show all work, using formulas/equations. NO excel, thank you!!

9. A contract requires the four year cash flow cycle shown below, and it can be repeated every 4 years indefinitely. What is the annual equivalent worth of this project over its indefinite lifespan if the MARR 10%? Year Cash Floww a. $111,826 b. $504,440 c. $354,440 d. $159,151 e. The answer is undefined 0 150,000 50,000 2 200,000 300,000 100,000 10. You are interested in a project's IRR. You calculate the present worth at 12% and find that it is $19,451. Which of the following statements is true? a. The actual IRR is 12%. b. The actual IRR is greater than 12%. c. The actual IRR is less than 12%