1. A property will provide $10,395 at the end of each year forever. If its value is $126,000, what must be the discount rate? (Enter your answer as a percent rounded to 2 decimal places.) Discount rate %
2. IRR
A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 9 years, and a cost of capital of 13%. What is the project's IRR? Round your answer to two decimal places.
%