a 3. Based on the success of the Shawnigan Soil Dump you decide it would be a good idea to store toxic soil next to the Sooke Lake reservoir. This would be much closer to the source of toxic soil and would reduce the costs to truckers as they wouldn't have to travel up the Malahat. It will cost $1,000,000 to have a technical report prepared that supports your business. Environmental approval will not be a problem. You expect revenues of $400.000 for two years followed by $600,000 for the next three years after which time you will let the dump revert to the crown to avoid any future liabilities. a. What is the payback on your project? What are some weaknesses with the payback method of evaluating investment decisions?(4) b. The company has a 15% cost of capital. 1. Show the cashflows for the project. (3) b. The company has a 15% cost of capital. i. Show the cashflows for the project. (3) il. What is the IRR for the project - would you accept?(3) iii. What is the NPV for the project. Should you do the project based on NPV?(3)