Problem $1$

On February $20,2023,$ I bought a $1967$ Mustang for $$11,275.$ Over the

next several months I fixed it up by making the following investments:

Inputs:

Pchse Date

Pchse Price

Sale Date

Sale Price

$2/20/23$

EAR$=12\mathrm{.}00\%$

Finally, I sold the car on December $16,2023$ for $$23,500.$ I could have

earned $12\mathrm{.}00\%($APY$)$ on an investment of similar risk. $($See Note on Uneven

TVM Calculations attached to this assignment$)$

BE SURE YOUR FORMULAS DO NOT HAVE NUMBERS IN THEM $-$ CELL

REFERENCES ONLY!!!

a$.$ What is the NPV of the investment given this outcome?

b$.$ What is the IRR?

c$.$ What is the most I should have initially paid for the car to

just break even on an NPV basis?