1a. Your firm spends $500,000 per year in regular maintenance of its equipment. Due to the economic downturn, the firm considers forgoing these maintenance expenses for the next 3 years. If it does so, it expects it will need to spend $2.2 million in year 4 replacing failed equipment. a. What is the IRR of the decision to forgo maintenance of the equipment? (Round to two decimal places.) b. Does the IRR rule work for this decision? c. For what costs of capital (COC) is forgoing maintenance a good decision?

1b.You have been offered a very long-term investment opportunity to increase your money one hundredfold. You can invest $500 today and expect to receive $50,000in 40 years. Your cost of capital for this (very risky) opportunity is17%.What does the IRR rule say about whether the investment should be undertaken? What about the NPV rule? Do they agree? a.The IRR of this investment opportunity is______ %. (Round two decimal places). b. The IRR rule says that you ________ should not invest or should invest? c. The NPV for the investment is $_______? (Round to the nearest cent). d. The NPV rule says that should not invest or should invest or should be indifferent?

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