17. Wart company is considering a project that has the following cash flow data. What is the projects IRR?

Year Cash Flows

0 - $1,060

1 $500

2 $500

3 $500

4 $600

a. 33.16%

b. 33.74%

c. 33.97%

20. Taggart inc. is considering a project that has the following cash flow data. What is the projects pay back?

Year Cash Flows

0 - $1,160

1 $500

2 $518

3 $645

a. 2.00 years

b. 2.12 years

c. 2.22 years

d. 3.18 years