2. A project requiring an initial outlay of $15000 is guaranteed to produce a return of $20000 in 3 years' time. use the a. NPV b. IRR To determine if the project should be recommended given that the market rate is 5% compounded annually. Would you decision change if the rate was 12%? 3. Find the present value of an annuity that yields an income of $10 000 at the end of each year for 10 years, assuming that the interest rate is 7% compounded annually. What would the present value be if the annuity yields this income in perpetuity