1. Harry's Inc. is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that if a project's projected NPV is negative, it should be rejected.

WACC:	14.50%
Year	0	1	2	3	4	5
Cash flows	-$1,000	$300	$300	$300	$300	$300

2. Warr Company is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected.

Year	0	1	2	3	4
Cash flows	-$1,575	$400	$400	$400	$400

		0.61%
		0.53%
		0.63%
		0.51%
		0.62%

		$19.96
		$20.85
		$17.67
		$20.67
		$18.20