14. This is a graph of the capital allocation line (CAL). Write the appropriate portfolio name in each (a) to (d), and (e) explain which is the optimal portfolio among (a) to (d). CAL return (c) Efficient Frontier (b) a) Op 15. Consider the following projects. Assume we will accept the project if it pays back within two years and the required rate of return is 15% on your investment. Year 0 1 Cash Flow - $40,000 $19,000 $12,000 $18,000 $10,500 2 3 4 (a). What is the payback period? Do you accept or reject the project? (b). What is the discounted payback period? Do you accept or reject the project? (c). What is the profitability index for the following set of cash flow? Do you accept or reject the project? (d). What is the Net present value? Do you accept or reject the project? (2). What is the Internal rate of return? Do you accept or reject the project