Initial Year Year 1 Year 2 Year 3 Year 4 Investment A (400,000.00) 126,000.00 126,000.00 126,000.00 126,000.00 Investment B (160,000.00) 52,800.00 52,800.00 52,800.00 52,800.00 Required Return 8% Investment A NPV $17,327.98 IRR 10% Investment B NPV $14,880.30 IRR 12%