**The problems are all one problem that I broke into 3 separate parts.**

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Answer: 33%

1.) Given the following information, calculate the IRR: Initial outflow is $20,000, cash inflows at the end of each year for the next six years are $8,000 per year. (Round your answer to the nearest whole percentage)

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Answer: 9.27%

2.) A project has an initial cost of $50,000. The incremental inflows associated with the project are $20,000 in year one, $15,000 in years two and three, and $10,000 in year four. All cash inflows are at the end of the year. The appropriate discount rate for this project is 11%. What is the projects MIRR?

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Answer: >8%

3.) If the NPV of a project is $500 and the required rate of return is 8%, the IRR must be: