Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is $9$ percent, and that the maximum allowable payback and discounted payback statistics for the project are $2\mathrm{.}0$ and $3\mathrm{.}0$ years, respectively.

Time: $0123456$

Cash flow: $$$$7,000$ $$1,130$ $$2,330$ $$1,530$ $$1,530$ $$1,330$ $$1,130$

Use the PI decision rule to evaluate this project. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is $9$ percent, and that the maximum allowable payback and discounted payback statistics for the project are $3\mathrm{.}5$ and $4\mathrm{.}5$ years, respectively.

Time: $0123456$

Cash flow: $$$$5,600$ $$1,180$ $$2,380$ $$1,580$ $$1,580$ $$1,380$ $$1,180$

Use the IRR decision rule to evaluate this project. $($Negative amount should be indicated by a minus sign. Round your answer to $2$ decimal places.$)$