b. Estimate the IRR for each project (to the nearest 1 %).

The IRR for project 1 is ___%

The IRR for project 2 is ___%

The IRR for project 3 is ___%

c. What is the NPV of each project if the cost of capital is 5%? 20%? 50%?

The NPV for project 1 for a cost of capital of 5% is ______(Round to the nearest cent.)

The NPV for project 1 for a cost of capital of 20% is ______(Round to the nearest cent.)

The NPV for project 1 for a cost of capital of 50% is ______(Round to the nearest cent.)

The NPV for project 2 for a cost of capital of 5% is ______(Round to the nearest cent.)

The NPV for project 2 for a cost of capital of 20% is ______(Round to the nearest cent.)

The NPV for project 2 for a cost of capital of 50% is ______(Round to the nearest cen

The NPV for project 3 for a cost of capital of 5% is ______(Round to the nearest cent.)

The NPV for project 3 for a cost of capital of 20% is ______(Round to the nearest cent.)

The NPV for project 3 for a cost of capital of 50% is ______(Round to the nearest cen

You have 3 projects with the following cash flows: (Click on the following icon in order to copy its contents into a spreadsheet.) Year 1 4 Project 1 Project 2 Project 3 0 - $150 -823 18 $19 0 41 2 $38 0 62 3 $61 6,999 80 $79 - 6,501 - 246 a. For which of these projects is the IRR rule reliable? b. Estimate the IRR for each project (to the nearest 1%). c. What is the NPV of each project if the cost of capital is 5%? 20%? 50%