(Related to Checkpoint 11.1 and Checkpoint 11.4) (IRR and NPV calculation)The cash flows for three independent projects are found below:

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.

a.Calculate the IRR for each of the projects.

b.If the discount rate for all three projects is

13

percent,

which project or projects would you want to undertake?c.What is the net present value of each of the projects where the appropriate discount rate is

13

percent?

a.The IRR of Project A is

nothing%.

(Round to two decimal places.)

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Data Table

	Project A		Project B		Project C
Year 0 (Initial investment)	$(70,000)		$(110,000)		$(460,000)
Year 1	$9,000		$30,000		$230,000
Year 2	18,000		30,000		230,000
Year 3	23,000		30,000		230,000
Year 4	26,000		30,000
Year 5	33,000		30,000