ACEInc. is considering a project that has an initial after-tax outlay or after-tax cost of $220,000. The respective future cash inflows from its four-year project for years 1 through 4 are: $50,000, $60,000, $70,000 and $80,000.Discount rate of 10%.

2(a) : For Ace Inc. calculate : NPV( 10 pts)

2( b) : For Ace Inc calculate: IRR(10 points)

BONUS question: At what "r" (RATE) will NPV be zero? [10 points]