A startup company is currently looking to invest in Project A with the estimated cash flows as follows: Initial Investment at start of project =$3,600,000 Cash Flow at end of year 1=$500,000 Cash Flow at end of years 2 through 6=$625,000 each year Cash Flow at end of years 7 through 9=$530,000 each year Cash Flow at end of year 10=$385,000 The financial manager would like to evaluate Project A through various capital budgeting models to ensure that this project is worth investment. Please answer the following question: 1. They want to know the payback period of this project. Suppose the cutoff period is 6 years. Based on the decision rule for the payback period, determine whether they should accept or reject this project. Show your work and provide reasons for your answer. 2. Suppose the appropriate discount rate is 14%, and they want to know this project's net present value (NPV). Based on the NPV decision rule, determine whether they should accept or reject this project. Show your work and provide reasons for your answer. 3. Suppose the appropriate hurdle rate is 14%, and they want to know this project's internal rate of return (IRR). Based on the IRR decision rule, determine whether they should accept or reject this project. Show your work and provide reasons for your answer. 4. Based on your answers in questions 1-3, do you find the payback period, NPV, and IRR yield the same result regarding whether or not it is worth investing in Project A ? If there is an inconsistency, which method would you recommend to the financial manager? Provide your reasons, and discuss some of the strengths and shortcomings of your recommended method. 5. Suppose the financial manager is also considering an alternative investment, namely project B, whose NPV is $80,350. Assume that Project A and B are mutually exclusive (i.e., the companies must choose a single project due to its limited resources for investing in multiple projects simultaneously). Would you recommend the company to invest in Project A or B? Provide reasons for your