Question 18 (6 points) 1. Blue Demon Cycle Shop is considering the purchase of used mopeds to be rented to city tourists. The mopeds cost $14,740 and are expected to produce cash flows of $4,000 per year for 6 years from rental fees. Blue Demon's cost of capital is 14%. Calculate the projects approximate IRR. (Even though you will use a calculator to solve for IRR, including formulas and describing your thoughts will help with partial credit should that be needed.) (Also, draw a time line!) A Question 19 (7 points) Big Brother Holding Co. has a project under consideration with the following estimated cash flows. The firm's cost of capital is 12%. Calculate the NPV for the project. Year 0 ($50,000) 1 $10,000 2 $20,000 3 $30,000 4 $40,000