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 3 4 $18 $39 $62 $78 Project 1 Project 2 Project 3 - $150 - 824 19 0 0 7,010 82 -6,504 - 245 42 60 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%? 50%? a. For which of these projects is the IRR rule reliable? (Select from the drop-down menus.) Unless all of the The IRR rule i reliable for 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.) cash flows of the project precede the ones, the IRR rule may give the wrong answer and should not be used. Furthermore, there may be multiple IRRs or the IRR may 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 $ The NPV for project 1 for a cost of capital of 20% is $ The NPV for project 1 for a cost of capital of 50% is $ The NPV for project 2 for a cost of capital of 5% is $ The NPV for project 2 for a cost of capital of 20% is The NPV for project 2 for a cost of capital of 50% is $ The NPV for project 3 for a cost of capital of 5% is $ The NPV for project 3 for a cost of capital of 20% is $ The NPV for project 3 for a cost of capital of 50% is $ (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.) (Round to the nearest cent.)