1.OrioleIndustries management is planning to replace some existing machinery in its plant. The cost of the new equipment and the resulting cash flows are shown in the accompanying table. The firm uses an 18 percent discount rate for projects like this. Should management go ahead with the project?

Year Cash Flow

0 -$3,068,400

1 800,810

2 1,001,200

3 1,085,000

4 1,333,860

5 1,540,400

What is the NPV of this project?(Enter negative amounts using negative sign e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)

2.Management ofCarla VistaMints, a confectioner, is considering purchasing a new jelly bean-making machine at a cost of $312,500. They project that the cash flows from this investment will be $117,000for the next seven years. If the appropriate discount rate is 14 percent, what is the NPV for the project?(Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)

3.Management ofWildhorse, Inc., an aviation firm, is considering purchasing three aircraft for a total cost of $166,410,814. The company would lease the aircraft to an airline. Cash flows from the proposed leases are shown in the following table.

Years Cash Flow

1-4 $26,485,000

5-7 77,450,000

8-10 61,380,000

What is the IRR of this project?(Round answer to 2 decimal places, e.g. 15.25%.)