1)A project has net cash flows of: T0 (USD 1 million), T1 (USD 400,000), T2 (USD 300,000), T3 (USD 300,000) and T4 (USD 280,000). What is the IRR, using discount rates of 10% and 15%?

15%

12.5%

10%

11.5%

Single choice

2)

What is the payback period of the following project cash flows? T0 (USD 12 million), T1 (USD 5 million), T2 (USD 4 million), T3, (USD 4 million) (based on 365 days in a year).

3 years

2 years

2 years, 274 days

2 years, 273 days