The owners of Sportsman's Paradise are wanting to sell their land and resort. 2017 net annual returns to the resort were $74,000 and you expect that to stay the same for the next 10 years. At the end of 10 years, you expect the resort to sell for $2.1 million. Calculate the market value of the resort today if the market rate of return on comparable investments is 15.5%.

A new hog investment requires an initial outlay of $130,000 and is expected to increase operating receipts by 87,000 but will also increase operating expenses by 23,000. The investment will be depreciated over 15 years and will have a $0 salvage value. The marginal tax rate is 30%. The investment will be analyzed over 7 years and the terminal value of the hog investment after 7 years will be $45,000. The pre-tax discount rate is 13.5%. What is the NPV

Based on the previous question, what is the IRR?