A project is projected to cost $1,500,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $400,000; Year 2 500,000; Year 3 - $650,000; Year 4 750,000; Year 5 800,000. What is the projects discounted payback, given a 10% required rate of return?

Multiple Choice

• 3.46 years

• 2.54 years

• 2.74 years

• 2.92 years

A project is projected to cost $1,500,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $400,000; Year 2 500,000; Year 3 - $650,000; Year 4 750,000; Year 5 800,000. What is the projects IRR?

Multiple Choice

• 17 %

• 21 %

• 26 %

• 22 %