33.1
| Year 0 | Year 1 | Year 2 | Year 3 | |
| Project A | -1000 | 500 | 500 | 500 |
| Project B | -800 | 550 | 575 |
1. List and fully explain the reasons you would be reluctant to use IRR to choose between these two projects. You do not have to compute anything to answer this--just explain to me why IRR might give you the wrong answer. (6)