Barry Company is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC:	11.75%
Year	0	1	2	3	4	5
Cash flows	-$1,100	$400	$390	$380	$370	$360

a. $600.22

b. $256.25

c. $286.36

d. -$9.78

e. $449.25

Simkins Renovations Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC (and even negative), in which case it will be rejected.

Year	0	1	2	3	4
Cash flows	-$625	$300	$290	$280	$270

a. 20.60%

b. 29.94%

c. 82.40%

d. 69.18%

e. 16.21%