1. A capital investment project you have been asked to analyze has net incremental cash flows Years 1 through 4, as listed below. The Initial investment required is $2 million, and the WACC is 8.0%. What is IRR?

   1. Year 1: 450,000

   2. Year 2: 700,000

   3. Year 2: 800,000

   4. Year 4: 900,000

I am not sure if the second year 2 was a typo and is actually supposed to be year 3 or not. Help!! Please!