9.) An investment is expected to produce the following annual year-end cash flows: Year 1, $32,500; Year 2, $35,000; Year 3, $37,500; Year 4, $40,000; and Year 5, $45,000. If the investment costs you $155,000 today what is its expected annual internal rate of return, compounded annually? Year 45,000 IRR 6.81% 10.) Recalculate the IRR for the previous question assuming the cash flows are all received in the beginning of the year Year CFs