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(6 points) 6. Determine whether the IRR for a project with the following cash flows is about 9% or 13% if its cost is $13,058,741.

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(6 points) 6. Determine whether the IRR for a project with the following cash flows is about 9% or 13% if its cost is $13,058,741. 7. As an analyst for a venture capital firm you have been asked to evaluate an $18 million investment in a startup company. You project that there will be no cash flows for six years but that the investment made would be worth $25 million in six years. Given the riskiness of the investment opportunity, your firm requires a 22% annual rate of return. (4 points) a. What is the NPV of this investment opportunity? (2 points) b. Should the venture capital firm accept the investment opportunity? (4 points) c. Calculate the IRR. (2 points) d. According to the IRR, should the venture capital firm accept the investment opportunity

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