QUESTION FIVE A project involves an initial outlay of K420,000. The expected cash flow at the end of the next five years is given as: (a) Year 4 Cash -5,000 122,000 130,000 148,000 150,000 flow Find the internal rate of return (IRR). (12 marks) Anticipated consumer demand for a product next month can be represented by (b) a normal distribution with mean 1200 units and standard deviation 100 units. Find the probability that: (4 marks) the sales exceed 1000 units. () (i) sales will be between 1100 and 1300 units. (4 marks) END OF PAPER