Fresh Fruits Industries Limited is attempting to undertake a project aim at expanding the firms production capacity. The relevant cash flows for the project are shown in the following tables.

Year (t) GHS

0 (550,000)

1 110,000

2 132,000

3 165,000

4 209,000

5 275,000

1. Calculate the NPV of the project if the cost of capital is 15%
2. Calculate the NPV of the project if the cost of capital is 20%
3. Calculate the Internal Rate of Return (IRR) for the project.
4. Why is there a conflict between NPV and IRR?