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2. (1pt) A firm evaluates all of its projects by applying the IRR rule. If the required return is 10%, should the firm accept the following project? Year Cash Flow 0 -$100,000 1 $40,000 2 $40,000 3 $40.000 3. (2pts) What is the NPV for the following set of cash flows if the relevant discount rate is 10%? What is the profitability index? Should the firm accept the project? Year Cash Flow 0 -$45,000 1 $15,000 2 $15,000 3 $25,000