A project has the following cash flows (same as question 2). Year 0:-$50,000 Year 1: $10,000 Year 2: $20,000 Year 5: -$10,000 Year 10: $100,000 Suppose that your required return is 10% What is the PI? (2 digits after decimal point, for example: 0.345 -> 0.35) Should (accept / reject) the project? In the following, which is correct formula to compute IRR? + A. IRR = -50000+ 10000 20000 -10000 + 100000 + + (1+0.1) (1+0.1) (1+0.1) (1+0.1) B. IRR = -50000+ 10000 20000 -10000 + + 100000 (1+IRR) (1+IRR) (1+IRR) (1+IRR)" C. IRR = -50000+ 10000 20000 -10000 100000 + + + (1+0.1) (1+0.1) (1+0.1) (1+0.1) D. O -50000+ 10000 20000 -10000 + 100000 + + (1+IRR) (1+IRR) (1+IRR) 10 (1+IRR)" E. None of above + = Only when computed IRR > , should accept the project. Among IRR, PI and NPV, which one is the primary investment criteria