Compute the following project's EAA at a 10% discount rate.

Project K costs $200,000 and earns $150,000 in the first year and then $75,000 for each of the next three years.

Calculate the NPV for the following projects with a discount rate of 12%:

Project 1 costs $100,000 and earns $50,000 each year for three years.

Calculate the IRR for the following projects with a discount rate of 12%:

Project 2 costs $200,000 and earns $150,000 in the first year, and then $75,000 for each of the next two years.