1) Compute the internal rate of return for the following cash flows:

Period 0: -1900

Period 1: 1100

Period 2: 800

Period 3: 500

Enter your answer in percent and round to the nearest 0.01.

2) Compute the modified internal rate of return for the following cash flows using a discount rate of 11.0%:

Period 0: -1684.0

Period 1: 767.0

Period 2: 782.0

Period 3: 724.0

Enter your answer in percent and round to the nearest 0.01%.

3) Machinery costs $1 million today and $100,000 per year to operate. It lasts for 14.0 years. What is the equivalent annual annuity if the discount rate is 8.0%? Enter your answer in dollars and round to the cent. Remember that costs are negative cash flows; so, include the negative sign.