A 5-year project with a $300,000 initial investment has an IRR of 18%. 1. What can you say about the NPV of the project if the required return is 14%, and why? 2. The textbook defines that the IRR is the discount rate that makes the NPV of the project zero. Beyond the textbook definition, explain in your own words what the 18% IRR means. 3. Then, assuming the project generates an annuity cash flow (i.e., a constant dollar amount each year), complete this sentence that begins with "If my company takes the project and invest $300,000 now, we will be generating....(an amount of positive cash flow per year)