Thomson Electric Systems is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.

WACC = 10.3%

Year {0, 1, 2, 3}

CF {-1015, 480, 500, 500}

Blanchford Enterprises is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be negative in which case it will be rejected.

Year: {0, 1, 2, 3, 4}

CF: {-990, 350, 450, 450, 450}