a. What is the IRR of a project that costs $1,000 now and produces $600 next year and $600 the year after?
b. What is the IRR of a project that costs $1,000 now and produces $900 next year and $900 the year after?
c. A project has cash flows of -$100, $55, and $70 in consecutive years. Use a spreadsheet to find the IRR.