1. A facility upgrade for women's softball has a cost of $65,125, expected net cash inflows are $9,000 per year for 20 years, and a cost of capital of 11%. The project has a useful life of 20 years but your organization does not have a maximum payback period. a) What is the project's payback period? (2 points) b) What is the project's discounted payback period? (2 points) c) What is the project's NPV? (2 points) d) What is the project's [RR? (2 points) e) Should the facility upgrade be accepted? Why or why not? (2 points) 2. You work for a professional sport franchise that is considering purchasing a new digital scoreboard or renovating signage area on the outside of the stadium. The franchise can take out one loan at 7% interest that it can use for either investment but not both investments. Use the following information to decide whether or not to buy the scoreboard. Scoreboard The scoreboard will cost $100,000. You can trade in the old scoreboard for a $5,000 discount. Small changes to the stadium are required to install the new board. totalling $20,000. installation will cost $3,000. The scoreboard will have a useful life of 10 years. Straight line depreciation can be applied to the asset. The company's tax rate is 21%