1. A $2.2 million investment will result in the cash flows shown below:Year Year-End Cash Flow(millions) Year 1 $1.32 Year 2 $1.63 Year 3 $1.94 Year 4 $0.8 Using an 8% opportunity cost of capital, the projects net present value (NPV) is closest to: please show work

2. A corporation's initial outlay is $1M and the program cash flows are $150,000 in perpetuity. Now you are interested to determine the program's internal rate of return. Address the following: a. Write the equation for internal rate of return for this program. b. Calculate the IRR.

3. A corporation wishes to determine the required return on an asset Z, which has a beta of 2. The risk-free rate of return is 9%, the return on the market portfolio of assets is 14%. Please solve and explain