A company is considering investing in project X. The company has a cost of capital of 10% p.a. Project X is an 8-year project with an initial cost of 300,000. The project will have the following cash flows each year: Years Cash flows 1 2 3 4 90,000 90,000 90,000 90,000 90,000 90,000 90,000 -270,000 5 6 7 8 a) Calculate the payback period (in years) for project X. Round your answer to 2 decimal places. Do not include the unit. Do not use comma separators. E.g. 1234.56 (2 marks) b) Calculate the net present value (NPV) for project X. Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456 (2 marks)