$1.$ Dave runs a small print shop. He is considering adding a self$-$serve color copier service. He has estimated the following cash flows. The copier is expected to only last three years. Dave$$s required return for the project is $10$ percent. Evaluate this project using IRR. What do you recommend? Why? IRR $=23\mathrm{.}52\%$

Year Cashflows

$0(2500)$

$11500$

$21300$

$3800$