use the following set of cash flows:

Initial investment $=$ $$1,250,000$

Yr $1$ : $170,000$

Yr $2$: $180,000$

Yr $3$: $155,000$

Yr $4$: $198,000$

Yr $5$: $195,000$

Sale of property occurs at the end of Yr $5$ for a price of $$2,075,000$

$20)$ What is the IRR of this investment?

a$.17\mathrm{.}57\%$

b$.22\mathrm{.}59\%$

c$.18\mathrm{.}60\%$

d$.17\mathrm{.}09\%$

$21)$ If the hurdle rate for this company is $15\%$

a$.$ There must be a positive IRR b$.$ There must be negative NPV

c$.$ The NPV is zero because the IRR is above the hurdle rate

d$.$ There must be a positive NPV

$22)$ The NPV of the investment is

a$.$ $$377,645$

b$.-$ $$125,678$

c$.$ $$394,042$

d$.$ $$357,895$