A company invests in a project that requires an initial investment of $30,000 and returns $5000 every 6 months for 3 years, plus an additional return of $2000 at the end of year 1 and $3000 at the end of year 3.

a) Find the Net Present Value (NPV) of this project if the company uses an interest rate of i⁽²⁾=4%.

b) What is the annual nominal rate of return (IRR) for this project. (You can use Excel or a financial calculator to solve. Answer to 4 decimal places/a percent to 2 decimal places.)

c) What conclusions can we make about the uniqueness of the IRR?