1. Compute the internal rate of return for the following cash flows:
Period 0: -2000
Period 1: 1500
Period 2: 550
Period 3: 325
Enter your answer in percent and round to the nearest 0.01
2. You are not thrilled about spending your entire life working. So, you have decided that you will save $6 thousand a year, starting at the end of this year, and retire as soon as you can accumulate $1 million. If you can earn an average of 9.23 percent on your savings, how many years will pass before you get to retire? Enter answer in years, accurate to two decimal places.