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A) A project has the following cash flows. What is the project's IRR? Round your answer to two decimal places. Cash Flow -$20,000 $6,000 $6,000

A)

A project has the following cash flows. What is the project's IRR? Round your answer to two decimal places.

Cash Flow -$20,000 $6,000 $6,000 $6,000 $6,000 $6,000
Time 0 1 2 3 4 5

B)

A project has the following cash flows. What is the project's Payback Period? Round your answer to two decimal places.

Cash Flow -$50,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000
Time 0 1 2 3 4 5 6

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