Chapter 10- HW Table 1 Operating Cash Inflows $1,000 $%1000 $%1,000 1,000 $%1,000 $2,500 Initial Outlay 1. Given the information in Table 1 and 15 percent cost of capital, (a) Compute the net present value & IRR (b) Should the project be accepted? 2. Use the IRR approach to select the best group of projects, if the required rate of return is 23.5%, and what would their NPV be? (See Table below) IRR Approach NPV $320,000 60,000 350,000 50,000 Project IRR Initial Investment 25o 24 23 21 $9,000,000 1,000,000 7,000,000 3,000,000 A