7. You are considering expected free cash flows of $15,500 at the end of each year for 6 years. The a project with an initial cash outlay of $90,000 and required rate of return for this project is 11.5 percent. a) (5 pts) What is the payback period of the project? b) (5 pts) What is the project's NPV? c) (5 pts) What is the project's IRR? d) (5 pts) If your firm has a required payback of 4 years and passing the IRR and NPV, would you accept this project? Explain