A) Project Chara costs 5,000 to purchase and is expected to generate net cash inflow equal to 8,000 at the end of the 3rd year. The project's required rate of return is 10 percent. What is the difference between the project's internal rate of return (IRR) and modified internal rate of return (MIRR)?

B) Harawi Inc identifies an investment opportunity that will yield end of year cash flows of 50,000 in both Year 1 and Year 2, 45,000 in both Year 3 and Year 4, and 40,000 in Year 5. The investment will cost the firm 100,000 today, and the firm's required rate of return is 7 percent. What is the IRR for this investment?"