The cash flows for three independent projects are found below:

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.

a.Calculate the IRR for each of the projects.

b.If the discount rate for all three projects is

13

percent,

which project or projects would you want to undertake?c.What is the net present value of each of the projects where the appropriate discount rate is

13

percent?

Question content area bottom

Part 1

a.The IRR of Project A is

enter your response here%.

(Round to two decimal places.)

Project A		Project B		Project C
Year 0 (Initial investment)	$(70,000)		$(120,000)		$(440,000)
Year 1	$11,000		$29,000		$240,000
Year 2	18,000		29,000		240,000
Year 3	21,000		29,000		240,000
Year 4	26,000		29,000
Year 5	33,000		29,000