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14. Ingrid Birdman can earn an annual rate of 12%, compounded semiannually. If Ingrid made 40 consecutive semiannual deposits of $500 each, with the first

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14. Ingrid Birdman can earn an annual rate of 12%, compounded semiannually. If Ingrid made 40 consecutive semiannual deposits of $500 each, with the first deposit being made today, how much will she accumulate at the end of Year 20? Round off to the nearest $1. (A) $64,132 $52,821 $82,024 D $57,901 16. Your company is considering a project with the following cash flows: Initial outlay = $1,748.80 Cash flows Years 1-6 = $500 Compute the IRR on the project. 18% 24%

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