A new project will have an intial cost of $12,000. Cash flows from the project are expected to be $6,000, $5,000, and $4,000 over the next 3 years, respectively. Assuming a discount rate of 12%, what is the project's IRR?

Question 5 options:

	13.77%
	13.51%
	12.99%
	14.03%
	13.25%

Sailfish Corp has a bond issue outstanding that pays a 7.75 percent coupon and matures in 30 years. The bonds have a par value of $1,000 and a market price of $1,259.28. Interest is paid semiannually. What is the yield to maturity?

Question 6 options:

	5.54%
	5.37%
	6.07%
	5.90%
	5.66%