QUESTION 1 BoomBoom, Inc. is considering a 10-year project that requires an initial investment of $24,000. The project will produce only two future cash flows: +$58,000 in year 3 and -$51,000 in year 10. You have been told that the project has a positive IRR at 25.7840%. What is the range of positive discount rates over which BoomBoom should accept this project? Choose the answer that is closest to the correct range. (The closest answers are the ones whose sum of absolute differences, relative to the correct answers, is the smallest number.) O (51%, 58%) O (10%, 26%) O (25%, 45%) O (-24%, 58%) O (26%, infinity%) O (-24%, 51%) (0%, 10%) QUESTION 3 Virgin Pacific Airlines has a 2-year project with the following cash flows: I = -$1,000, C1 = +$2,298, and C2 = +$2,656. Find the value of the SMALLEST IRR of this project. Note: If you wish, you may use the calculator to find one of the IRRs, and then use a method given in your class notes to find the other one, so you can determine which one is the smallest number. Give the answer as a percent with two decimals; e.g., -23.24 and, as always, do not include symbols in your