1) Some corporations use alternatives to our NPV criteria for project evaluation. One, which is popular because of its simplicity, is the Payback Rule. It simply states that we will accept any project that recovers its cost within x years (where each firm chooses x as it sees fit). Let's compare this rule with our NPV criteria. Evaluate the following projects under the Payback Rule where x is 2 years and alternatively under the NPV criteria assuming a discount rate of 10%: CF 0 -20000 -10000 -30000 CF 1 5000 2500 25000 CF 2 10000 7500 5000 CF 3 15000 1500 2500 Construct a table that shows for each project: NPV, accept or reject on NPV criteria, and accept or reject on Payback Rule criteria. Discuss your results and in so doing, criticize this alternative to NPV