A project has the following cash flows Period Cash Flow 0 (250,000) 1 62,500 2 112,500 3 87,500 4 87,000 5 62,500 a) Calculate the payback period for the project. (4 Marks) b) If the company requires a payback period of 3.5 years, should the project be accepted or rejected? (2 Marks) c) Calculate the NPV of the project if the discount rate is 9%. (10 Marks) d) What can you say about the IRR of the project? No calculations required. (2 Marks) Suppose a company issued a 20-year bond 3 years ago (i.e. there are 17 years remaining). The coupon rate is 9% (annual payments) and the face value of $1,000,000. If the market rate of interest today (required return) is 12%, what is the value of the bond today