1. What is the NPV of a project that costs $100,000.00 and returns $50,000.00 annually for three years if the opportunity cost of capital is 8.93%? (Please show the process)*

2. You are considering the following three mutually exclusive projects. The required rate of return for all three projects is 14%.

Year	A	B	C
0	$ (1,000)	$(5,000)	$(50,000)
1	$ 300	$ 1,700	$ 0
2	$300	$ 1,700	$15,000
3	$ 600	$1,700	$ 28,500
4	$300	$1,700	$ 33,000

What is the IRR of the best project? % terms to 2 decimal places w/o % sign