1.You have an investment opportunity that requires an initial investment of today and will pay in one year. What is the IRR of this opportunity?

2.You have just received a windfall from an investment you made in a friend's business. He will be paying you $26,304 at the end of this year, $52,608 at the end of the following year, and $78,912 at the end of the year after that (three years from today). The interest rate is14.4% per year. a. What is the present value of your windfall? b. What is the future value of your windfall in three years (on the date of the last payment)?