1. The revenues for a project are 1.2 millions at the end of the first year and 2.6 millions at the end of the second year. If the investor is evaluating this project assuming a yield of 10% per year. How much is the present value (investment) of this project. Show all work please!
2. A new project has an investment of one million and it will generate a cash flow at the end of the first year of $632,000 and at the end of the second year $725,000. Calculate the IRR for this project and show all work please.