Answer ALL questions and supporting calculations on this test file. Show all calculations to support your answers (except multiple choice) in order to receive full marks. Submit this one test file only. You will have 12 hours (90 minutes) to complete this test. QUESTION ONE (4 marks) College Company invested $100,000 in a two-year project. The cash flow was $40,000 for the first year. Assuming that the internal rate of return was exactly 12%, what was the cash flow for the second year of the project? (Ignore income taxes in this problem.) Item Years Cash Flow Present Value