What would be the internal rate return on an investment with an initial cost of $226,485, expected annual cash flows of $45,000 and expected annual income of $43,500 for the next 7 years? O 10% O 12% 09% O 8% A&T manufacturers Aquariums and Terrariums. Production and sales data for the year 2019 follows: AQUARIUMS TERRARIUMS Expected Sales Volume (Units): Northern Region 40,000 50,000 Southern Region 60,000 20,000 Units Sales Price $80 $100 Estimated Inventory (units) Jan 1 30,000 25,000 Desired Inventory (units) Dec 31 50,000 40,000 Compute the budgeted number of Aquariums to be produced 85,000 0 120,000 O 55,000 0 80,000 Billy's BBQ has decided to spend $125,000 on capital improvement project. Project 1 has estimated cash flows of $25,000 a year for 7 years and project 2 has expected cash flows of $20,000 for 10 years. The desired rate of return is 6%. Assuming Billy has limited resources (i.e. only capital to complete one project), use the Net Present Value method to determine which project Billy should pursue and why? O Based on the information neither project should be completed O Project 2 because the Net Present Value is $7,642 higher than Project 1 O Project 1 because the Net Present Value is $7,642 lower than Project 2 O Project 2 because the total cash flows over the life of the project is $200,000 compared to $175,000 of project 1 A&T manufacturers Aquariums and Terrariums. Production and sales data for the year 2019 follows: AQUARIUMS TERRARIUMS Expected Sales Volume (Units): 50,000 Northern Region Southern Region 40,000 60,000 $80 20,000 Units Sales Price $100 Estimated Inventory (units) Jan 1 30,000 25,000 Desired Inventory (units) Dec 31 50,000 40.000 Compute the total number of units to be sold in the Southern Region 90,000 O 100,000 O 60,000 O 80,000