The following table summarizes cash flows for a project:
(a) Write out the expression you need to solve to find the IRR(s) for this set of cash flows. Do not solve.
(b) Wha t is the maximum number of solutions for the IRR that could be found in part (a)? Explain your answer in one sentence.
(c) You have found that an IRR of 14.58% solves the expression in part (a). Compute the project balances for each year.
(d) Can you tell (without further computations) if there is a unique IRR from this set of cash flows? Explain in one sentence.