You have 3 projects with the following cash flows: (Click on the following icon in order to copy its contents into a spreadsheet.) Year 0 1 2 2 3 4 Project 1 - $148 $20 $41 S58 S82 Project 2 -826 0 0 D 6,999 -6,506 Project 3 20 41 59 80 - 247 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%7 50%? 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 Vones, 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. b. Estimate the IRR for each project to the nearest 1%). The IRR for project 1 is % (Round to the nearest integer.) The IRR for project 2 is %. (Round to the nearest integer.) ) The IRR for project 3 is %. (Round to the nearest integer.) c. What is the NPV of each project if the cost of capital is 5%? 20% 50%? The NPV for project 1 for a cost of capital of 5% is $ (Round to the nearest cent.) The NPV for project 1 for a cost of capital of 20% is $. (Round to the nearest cent.) The NPV for project 1 for a cost of capital of 50% is $. (Round to the nearest cent.) The NPV for project 2 for a cost of capital of 5% is $. (Round to the nearest cent.) The NPV for project 2 for a cost of capital of 20% is (Round to the nearest cent.) 6 The NPV for project 2 for a cost of capital of 50% is $. (Round to the nearest cent.) The NPV for project 3 for a cost of capital of 5% is $. (Round to the nearest cent.) ) The NPV for project 3 for a cost of capital of 20% is $. (Round to the nearest cent.) a $ ) The NPV for project 3 for a cost of capital of 50% is $. (Round to the nearest cont.) ()