1.Mountain Top Markets has total assets of $48,700, net working capital of $1,100, and retained earnings of $21,200. The firm has 12,700 shares of stock outstanding with a par value of $1 per share and a market value of $7.10 per share. The stock was originally issued to the firm's founders at par value. What is the market-to-book ratio?

2.

An investment cost $10,000 with expected cash flows of $3,000 a year for 5 years.

What is the IRR of this project?