A company is considering two projects which provides the following cash flows: The company's cost of capital is 9% The initial investment Would be $60,000 The company mineral criteria for project acceptance are: Payback of 4 years or less NPV - based on cost of capital plus 5% Which project(s) would be accepted under payback'.' Which project(s) would be accepted under NPV? Company XYZ it considering; n investment in a project I he financials associated with this project for year are: Sales & Epic uses are expected to increase by [2% Fixed Asset (Investment) asset Sled with this project are expected to coil Fixed Assets will be depreciated via the 5 year MACRS The pro eel will be evaluated over 3 years. The Company is in the 40degree. Tax bracket What is the maximum acceptable hurdle rate for hit product to be approved via NPV? Provide proof what is the payback