1. If you currently own a business or are thinking about starting a business. What are defensive actions you would take to protect your business against some of the perils over which you have minimal control (taxes, interest rate, etc.)? Please I need a mini essay thanks

A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%. What is the project's IRR?

2. You find a certain stock that had returns of 11 percent, −18 percent, 24 percent, and 14 percent for four of the last five years. The average return of the stock over this period was 10.1 percent.

What was the stock’s return for the missing year? (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.)