Find the internal rate of return (IRR) for the following project. The project requires an initial investment of $1,170

and provides 5 annual cash inflows of $310. Assume a cost of capital of 13.7%.

The IRR of the project is? ___%.(Round to two decimal places.)

The Fitness Center is considering including a treadmill in this year's capital budget. The cash outlay for the treadmill is $1,670. The firm's cost of capital is 6%. After-tax cash flows, including depreciation, are as shown in the table below. Calculate the profitability index (PI) for this project.

End of Year	Cash Flow
1	$500
2	500
3	500
4	500
5	500

The present value of the cash inflows is? $___ (Round to the nearest cent.)

The profitability index is? _____(Round to two decimal places.)