1) Wims, Inc., has current assets of $4,600, net fixed assets of $22,500, current liabilities of $4,100, and long-term debt of $7,000.

a.	What is the value of the shareholders' equity account for this firm?

b.	How much is net working capital?

2)

A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Year	Cash Flow
0		$-34,000
1		15,000
2		17,000
3		13,000

If the required return is 14 percent, what is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

IRR:_______

Should the firm accept the project?

• Accept

• Reject