1. Your project has cash flows of -$1,000 in year 0, +$3,550 in year 1, -$4,185 in year 2, and -$1,638 in year 3. What is its IRR?
2. A project has cash flows of +$400, -$300, and -$300 in consecutive years. The prevailing interest rate is 5%. Should you take this project?