Please answer all questions

Question 1, A $2.3 Million investment will result in the following cash flows

Year 1, $1.4M

Year 2, $1.6M

Year 3, $1.9M

Year 4, $0.8M

Using an 9% opportunity cost of capital, what is the NPV of the project?

Question 2, A three-year investment (Equipment) requires you to invest $1,000 initially. It is expected to provide three year-end cash inflows of $200 and you can sell the equipment for $700 at the end of three years. What is the IRR? If your cost of capital is 15%, would you go ahead with the project as a finance manager?

Question 3, Please describe the shortfalls of IRR in your own words (less than 100 words