1. A company has estimated that a proposed $10,000 investment will generate $3,250 for each of the next four years. a. What is the payback period? b. If the required rate of return is 9%, use internal rate of return to determine whether or not this proposal should be accepted. 2. An e-commerce firm is developing a new application. Financial analysts have estimated the expenses and rev- enues over the next five years: Development Operating Month Expense Expense Revenue Initial investment $50,000.00 S- Year 1 $10,000.00 $10,000.00 $5,000.00 Year 2 $10,000.00 $15,000.00 Year 3 $10,000.00 $25,000.00 Year 4 $10,000.00 $50,000.00 Year 5 $10,000.00 $50,000.00 The company's discount rate is 8% Compute the NPV and IRR for net profit and make a recommendation on whether or not to pursue the project. Then, use a data table to evaluate the impact of changing the ini- tial investment in increments of $5,000 between $30,000 and $70,000. What might this mean with regard to the company's decision