1. Assume your investment return compounds annually at 4.17%, starts with a cost of $78,000 but produces an initial payment of $12,300 in Year 1. The opportunity cost is 8.2%.

a. What year does the IRR turn positive?

b. What is the NPV of the Investment through 20 years?

c. What is the IRR in year 6?

d. What is the IRR in year 17?

e. Should you accept this investment opportunity if you plan to hold this investment for only five (5) years? yes or no