1. A company just paid $10 million for a feasibility study. If the company goes ahead with the project, it must immediately spend another $100 million now, and then spend $30 million in one year. In two years it will receive $80 million, and in three years it will receive $90 million. If the cost of capital for the project is 11 percent, what are the projects NPV and IRR?

   		Npv=12.72, IRR = 15.9%
   		Npv=3.71, IRR = 12.4%
   		Npv=21.73, IRR = 19.7%
   		Npv=11.73, IRR = 12.7%