2. (IRR) Jella Cosmetics is considering a project that costs $900,000 and that is expected to last for 9 years and produce future free cash flows of $175,000 per year. If the appropriate discount rate for this project is 14 percent, what is the project's IRR? 3. (Equivalent annual annuity) Rib & Wings-R-Us is considering the purchase of a new smoker oven for cooking barbecue, ribs, and wings. It is looking at two different ovens. The first is a relatively standard smoker and would cost $51,000, last for 8 years, and produce annual free cash flows of $14,000 per year. The alternative is the deluxe, award-winning Smoke-alator, which costs $79,000 and, because of its patented humidity control, produces the "moistest, tastiest barbecue in the world." The Smoke-alator would last for 13 years and produce free cash flows of $ 22,000 per year. Assuming a required rate of return of 12 percent on both projects, compute their equivalent annual annuities(EAAs). Please help with these. Will rate thumbs up