QUESTION 2INTERNAL RATE OF RETURN Initial investment$100,000,000Year 1$15,000,000Year 2$20,000,000Year 3$10,000,000Year 4$15,000,000Year

QUESTION 2—INTERNAL RATE OF RETURN      Initial investment$100,000,000  Year 1$15,000,000  Year 2$20,000,000  Year 3$10,000,000  Year 4$15,000,000  Year 5$20,000,000  Year 6$15,000,000  Year 7$25,000,000      (a) What is the internal rate of return, assuming annual compounding?       (b) What is the internal rate of return, based on a semi-annual bond equivalent yield?