1.

The following are the cash flows of a project:

Year	Project A
0	-200
1	75
2	75
3	75
4	75

What is the internal rate of return for project A? Enter your answer as a percentage rounded to 2 decimal places.

2.A firm has a beta of 0.8, the relevant market return is 12% and the risk free rate is 3%. What is the cost of equity for the firm? Express your answer as a percentage rounded to 2 decimal places, eg. 5.55.

3. Here are the cash flows for two mutually exclusive projects:

Year	0	1	2	3
A	-20,000	8,000	8,000	8,000
B	-20,000	0	0	25,000

If the correct discount rate for the project is 7% how much more value will project A generate for the firm than project B? Round your answer to two decimal places.