1) Consider the following three-year project. The initial after-tax outlay or after-tax cost is $1,500,000. The future after-tax cash inflows for years 1, 2, 3 and 4 are: $800,000, $800,000, $300,000 and $100,000, respectively. What is the payback period without discounting cash flows?

A) 1.875 years

B) 2.0 years

C) 3.5 years

D) 4.125 years

2) The initial outlay or cost for a four-year project is $1,100,000. The respective cash inflows for years 1, 2, 3 and 4 are: $500,000, $300,000, $300,000 and $300,000. What is the discounted payback period if the discount rate is 10%?

A) About 2.67 years

B) About 3.35 years

C) About 3.84 years

D) About 3.98 years

3) Frameworks, Inc. is considering a five-year project that has an initial after-tax outlay or after-tax cost of $80,000. The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $15,000, $25,000, $35,000, $45,000 and $55,000. Frameworks uses the net present value method and has a discount rate of 9%. Will Frameworks accept the project?

A) Frameworks accepts the project because the NPV is $129,455.25.

B) Frameworks accepts the project because the NPV is 79,455.25.

C) Frameworks accepts the project because the NPV is $49,455.25.

D) Frameworks accepts the project because the NPV is less than zero.

It would be great if the answers is included the calculation. Thank you!