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1. Hook n Crook, Inc. has a 2-year project with the following cash flows: I = $1,000, C 1 = +$5,257, and C 2 =

1. Hook n Crook, Inc. has a 2-year project with the following cash flows: I = $1,000, C1 = +$5,257, and C2 = $-4,176. Find the value of the LARGEST IRR of this project. Note: If you wish, you may use the calculator to find one of the IRRs, and then use a method given in your class notes to find the other one, so you can determine which one is the largest number. Give the answer as a percent with two decimals; e.g., 23.24 and, as always, do not include symbols in your answer.

2. Virgin Pacific Airlines has a 2-year project with the following cash flows: I = $1,000, C1 = +$1,831, and C2 = +$2,645. Find the value of the SMALLEST IRR of this project. Note: If you wish, you may use the calculator to find one of the IRRs, and then use a method given in your class notes to find the other one, so you can determine which one is the smallest number. Give the answer as a percent with two decimals; e.g., -23.24 and, as always, do not include symbols in your answer.

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