1. (NPV with varying required rates of return) MyStix, a maker of recyclable swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $100,000 and will generate free cash inflows of $18,000 per year for 12 years. a. If the required rate of return is 6 percent, what is the project's NPV? b. If the required rate of return is 18 percent, what is the project's NPV? c. Would the project be accepted under part (a) or (b)? d. What is the project's IRR? 2. (IRR calculation) Determine the IRR on the following projects: a. An initial outlay of $8,000 resulting in a free cash flow of $1,931 at the end of each year for the next 11 years b. An initial outlay of $8,000 resulting in a free cash flow of $2,189 at the end of each year for the next 18 years c. An initial outlay of $8,000 resulting in a free cash flow of $1,172 at the end of each year for the next 12 years d. An initial outlay of $8,000 resulting in a free cash flow of $2,809 at the end of each year for the next 4 years