1. What is the payback on these two projects and if you require a 3 year payback, which of these projects would you accept? 1. What is the payback on these two projects and if you require a 3 year payback, which of these projects would you accept? 3a. What is the net present value for the following project using a 9% discount rate? Initial cost: $260,000 Cash flow year one: $30,000 Cash flow year two: $71,000 Cash flow year three: $151,000 Cash flow year four: $151,000 a. $143,000 b. $285,495.36 c. $184,190.55 d. $50,854.13 3b. What is the IRR for problem 3 ? a. 9% b. 65% c. $15.81 d. 15.81%