Need help explanations for numbers 1 and 2. Please provide step by step, if not explanation is good.

compute net present value. e Concep Golf Cour The eig to cost 14. ETHICS * Irene has a hospitality degree and has taken a few finance courses. Het is 13. What would be the MIRR of Bernard's proposal in the preceding question? she calculates is negative. The IRR is also calculated to be less than June's cost of ca June, is putting together a proposal for a sports bar, to be reviewed by a barker. The investment, June asks Irene to make things look better so the banker will give June Knowing that Irene understands finance and the factors that affect the NPV and VPRO 15. EXPLORING THE WEB * Visit www.money.cnn.com. Aside from regular news and loan. Is there anything Irene can do to help June without being unethical in this situation "Financial Tools." While a business calculator and an Excel worksheet offer quick, easy nancial news, this site also offers a glossary of all financial terms and a calculator and accurate means of calculating the value of money, many sites such as CNN also che Nance's Restaurant, a local independent restaurant, is evaluating new point-of-sale POS tems and must determine if a new installation is feasible. A new POS installation would include financial tools to educate the public. Concept Check Restaurant Purchasing a POS System both software and hardware, with a total cost of $20,000. course the sy years T dete lost nati me loc Nance's Restaurant is currently operating without a point-of-sale system and utilizes a de system with carbon copy papers that allow the waitstaff to provide a copy to the kitchen zal the customer while retaining a copy for accounting purposes. Management is aware that this is QUE hanc system and that a POS system will create efficiencies, but they are not sure it is Through analysis, management has determined that a POS system would allow the waitstalli pour tables quicker, therefore increasing the number of guests serviced and the sales volume ther advantage of the POS system is that it provides reports to management, allowing them better analyze their business. Taking all of these factors into consideration, Nance's manage men forecasts incremental increases in profit over the next three years of $8,000, 59.000, and Determine the payback period, present value, and net present value of this project for the three-year period, utilizing an 8% discount rate. 2 Management has received an offer from another POS vendor with installation costs of $25,000. The VESTMENT ANALYSIS 245 aternal rate of return of an wwth the cost nade her cash flow pro- e project, and the cash 85,000, $189,000, and het present value and = investment? ding question? If the WESTIONS et? young entrepreneur presents Bernard 141,250, $142,870, e puts his money e of return of this cost of capital, 1. second vendor is offering increased functionality in the form of additional cost control reports , which would allow the restaurant to realize an additional $500 in incremental profits per year for a total of 88,500, $9,500, and $10,500. Financially, does this option fit Nance's Restaurants criteria? Please explain your answer. ses. Her friend, ker. The NPV ost of capital. id IRR of an Concept Check in the w Automatic Sprinkler System