FOLLOWING QUESTIONS ARE FOR MANAGERIAL FINANCE MBA CLASS.

Show your solution steps either in excel or with formulas.

You have the following information on a project's cash flows. The project's required rate is 12%.

Year Cash flows

0 -$ 90 ,000

1 23,000

2 28,000

3 32 ,000

4 83 ,000

The project's profitability index is ____ . Round it to two decimal places.

You are evaluating a 4-year project, and its cash flows are

0 -59000,

1 19000,

2 21000,

3 26000,

4 24000

for years 0 to 4, respectively. What is the project's IRR?