Solve the problem

You have 3 projects with the following cash flows: (Click on the following icon in order to copy its contents into a spreadsheet.) 0 1 3 4 2 $39 Year Project 1 Project 2 Project 3 - $148 - 824 20 $20 0 0 60 $60 7,005 81 $78 -6,504 -244 41 a. For which of these projects is the IRR rule reliable? b. Estimate the IRR for each project (to the nearest 1%). c. What is the NPV of each project if the cost of capital is 5%? 20%? 50%? (E. a. For which of these projects is the IRR rule reliable? (Select from the drop-down menus.) The IRR rule is reliable for Unless all of the cash flows of the project precede the v ones, the IRR rule may give the wrong answer and should not be used. Furthermore, there may be multiple IRRs or the IRR may not exist