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(15 pts) You are offered a great deal on an investment with a 3-year payback. You accept the deal and invest $10,000. You are expecting

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(15 pts) You are offered a great deal on an investment with a 3-year payback. You accept the deal and invest $10,000. You are expecting an IRR of 33%. The actual cash flows are shown below. If you MARR is normally 15% APR compounded annually. a. What is the payback period? b. What is the internal rate of return? (use Excel) c. What is the PW at your MARR? (Show this using Excel) d. Was this a good deal? e. How could you have avoided such an investment? Year Cash Flow 0-$10,000.00 1 $1,000.00 2 $1,000.00 3 $8,000.00

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