1. A project costing $1,570,580 will provide a benefit of $220,000 each year for 11 years. What is the Internal Rate of Return on this project? (4 marks) 2. How much is $110,000 invested today equivalent to in Year 5 when interest rate is 10% ? ( 4 marks) 3. Complete the following sentence with one of the items a to d below. A project with a NPV of zero (0) means... (4 marks) a. the project is unprofitable b. the project should be rejected c. the rate of return on the project is zero (0) d. none of the above apply 4. What is the present value of $200,000 received in year 5 when: a. Interest rate is 5% b. Interest rate is 10% (4 marks) 5. What is the present value of a benefit of $220,000 each year for 6 years if interest rate is 10% ? (4 marks)