1) If the discount rate is 9% calculate the NPV and IRR using the cash flows below:

0 - (2,400,000.00)

1- 2,176,011.25

2- 2,552,786.25

3- 2,534,411.25

4- 4,597,041.25

Note: These cash flows has not been discounted yet please discount the cash flows for calculation.