1. This project has a discount rate of 15%, and the initial investment is $1,000,000. If the cash flows are $300,000 every year, what is the payback, in years?

2. CF1 = $40,000. CF2 = $55,000. CF3 = $60,000. Initial investment = $100,000. WACC is 12%. No more cash flows are expected to occur. What is the NPV? *** Round to whole number

3. Risk free rate is 4%. Equity risk premium is 6%. Beta is 2. Using the Capital Asset Pricing Model, compute the cost of equity capital. *** Round to 2 decimal places