1. Deep Waters, Inc. is using the internal rate of return (IRR) when evaluating projects. Find the IRR for the companys project. The initial outlay for the project is $540,900. The project will produce the following after-tax cash inflows of

Year1: 250,400

Year 2: 154,000

Year 3: 126,700

Year 4: 130,200 Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

You should use Excel or financial calculator. Your Answer:

2. Find the net present value (NPV) for the following series of future cash flows, assuming the companys cost of capital is 6.19 percent. The initial outlay is $411,106.

Year 1: 128,458

Year 2: 178,459

Year 3: 176,640

Year 4: 123,527

Year 5: 146,745

Round the answer to two decimal places.