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  3. 1) you are starting a farming operation, which req

1) You are starting a farming operation, which requires an investment of $100,000. The resulting...

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Accounting

1) You are starting a farming operation, which requires an investment of $100,000. The resulting profits are: year 1 =$45,000 year 2= $40,000

year 3= $35,000

year 4= $15,000

year 5= $15,000 The required rate-of-return for the investment is 8%. What is the IRR? Round your answer to the nearest whole percent.

1A)

Find the NPV of installing a new irrigation system that requires a $15,000 investment, and has a return of $7,000 the first year and $5,000 a year for the next 4 years after that. If there is a discount rate of 9%, what is the NPV? Round your answer to the nearest dollar.

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