Calculating IRR and NPV 1) What is the internal rate of return (IRR) for a project whose intitial af

Calculating IRR and NPV   1) What is the internal rate of return (IRR) for a project
whose intitial after tax cost is $5,000,000 and it is expected to provide after
tax operating cash flows of ($1,800,000) in year 1, $2,900,000 in year 2,
$2,700,000 in year 3, and $2,300,000 in year 4 ?

2) A firm is evaluating a proposal that has an initial
investment of $50,000 and has cash flows of $15,000 per year for 5 years If
the firms required return or cost is 15%, should it accept the project using
the internal rate of return (IRR) as a decision criteria ?

3) What is the net present value (NPV) for a project whose
cost of capital is 12% and its initial after tax cost is $5,000,000 and it is
expected to provide after tax operating cash flows of $1,800,000 in year 1,
$1,900,000 in year 2, $1,700,000 in year 3, and ($1,300,000) in year 4 ?