1.What is the IRR of the following set of cash flows?

Year	Cash Flow
0	$ 9,529
1	4,200
2	6,900
3	3,500

a) 25.79%

b) 25.28%

c) 26.54%

d) 24.77%

e) 24.02%

2. What is the payback period for the following set of cash flows?

Year	Cash Flow
0	$ 5,400
1	2,100
2	2,200
3	2,600
4	2,400

a) 2.37 years

b) 2.44 years

c) 2.42 years

d) 2.54 years

e) 2.72 years