A company is considering purchasing equipment costing $130,000. The equipment is expected to reduce costs from year 1 to 2 by $40,000, year 3 to 8 by $20,000, and in year 9 by $6,000. In year 9, the equipment can be sold at a salvage value of $22,000. Calculate the internal rate of return (IRR) for this proposal. The internal rate of return is%. (Round to the nearest tenth as needed.)How much can be paid in scholarships at the end of each year if $160,000 is deposited in a trust fund if interest is 6.7% compounded annually? The amount that can be paid each year is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)A company must make a choice between two investment alternatives. Alternative 1 will return the company $33,000 at the end of five years and $76,000 at the end of seven years. Alternative 2 will return the company $8,000 at the end of each of the next seven years. The company normally expects to earn a rate of return of 7% on funds invested. Compute the present value of each alternative and determine the preferred alternative according to the discounted cash flow criterion. The present value of Alternative 1 is $. (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The present value of Alternative 2 is S. (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The preferred alternative is