a) XYZ is evaluating a four-year project to expand the paint products line that has an initial outlay or cost of $80,000. Projected cash inflows are as follows: Yr.1 S40.000, Yr.2 $40,000, Yr. 3 $30,000 and Yr. 4 $30,000. The project has a discount rate of 12% and XYZ's CFO plans to use the discounted payback period method to evaluate the project. With a required payback period of 2 4 years, will XYZ accept the project? (8 marks) b) ABC Ltd.'s cost of capital is 9.5% and the company uses the modified internal rate of return for the evaluation of expansion products. The most recent for project for evaluation will last for 7 years and has a constant stream of annual after-tax cash flows of $1,900,000. The capital outlay required for the project is $10,200,000. What would be this project's modified internal rate of return? (1 marks)