Project 1 Project 2 Year o Year 1 Year 2 Year 3 IRR -10000 3500 3500 4500 7.0% -10000 1000 2000 8500 5.4% Project 3 -10000 9000 1500 1000 11.5% Project 4 -10000 2000 8500 1000 7.6% Project 5 -10000 11000 0 0 10.0% Q5: Based on independent research, why is IRR preferred to NPV? Cite your source. Type answer here. Q6: How does IRR help managers determine where to spend capital? Type answer here. Q7: Based on the project data IRR above, which project should you fund first? Why? Type answer here. Q8: If you have $30,000 to invest, which projects should NOT be selected? Why? Type answer here. Q9: Projects 2, 3, and 4 have the same values. Why does project 3 have higher IRR? Type answer here. Q10: Project 5 has the least amount of money recovered. Should you fund the project? Why or why not? Type answer here