Management of Intrepid, Inc., is considering investing in three independent projects. The costs and the cash flows are given in the following table. The appropriate cost of capital is 15.50 percent.

Year		Project 1		Project 2		Project 3
0		-$277,776		-$328,559		-$527,379
1		66,200		161,925		227,100
2		80,300		170,150		227,100
3		79,100		112,200		227,100
4		109,100		0		227,100

Compute the project IRRs.

the IRR of project 1 is____________

the IRR of project is 2 is__________

the IRR of project 3 is____________

Identify the projects that should be accepted.

Please show your work.