nework: Chapter Eight HolieWUrR w score: 75%, 0 of 1 pt 11 of 20 (16 complete) Question 20 (similar to) have 3 projects with the following cash flows: Year $149 -827 20 $82 -6,508 -247 $22 $41 Project 1 Project 2 6,994 78 Project 3 40 60 . For which of these projects is the IRR rule reliable? . Estimate the IRR for each project (to the nearest 1%). C. What is the NPV of each project if the cost of capital is 5%? 20%? 50%? a. For which of these projects is the IRR rule reliable? (Select from the drop-down menus.) The IRR rule is reliable for project 1 . Unless all of the negative cash flows of the project precede the positive ones, the IRR rule may give the wrong answer and should not be used. Furthermore, there may multiple IRRs or the IRR may not exist. b. Estimate the IRR for each project (to the nearest 1%). The IRR for project 1 is 1%. (Round to the nearest integer) Enter your answer in the answer box and then click Check Answer. 12 Pemsaining Clear Al Check Answer esc F1 F3000 F5 F6