6. Consider a 4-year project with the following cash flows: 1 65 0 -350 2 100 3 125 a. What is the IRR of this project? (Use the IRR function.) 4 175 2 b. What is the present value (NPV) of this project at a discount rate of 8%? (Use the NPV function in Excel, but be careful. The NPV function assumes that the first cash flow in the range is at time 1.)