Recall question 1 from Problem Set 2, in which you found the present value for five projects (A, B, C, D, and E). In part (d) you used the spreadsheet posted on Canvas to findvery preciselythe expected rate of return for each of the projects, using the familiar present value formula:

Consider a sixth project, Project F, which will give expected income of $100 one year from now, $300 two years from now, $300 three years from now, $100 four years from now, and no other incomes at any other time. Like the five projects in question 1 of Problem Set 2, the present value of the cost of Project F is also $730.

Below is a screenshot of same present value spreadsheet when 3.4000% is entered during a search for the expected rate of return of this project.