answer both

A project requires an investment of $75,000 and is expected to generate annual net cash flows of $22,500. If the project has an expected life of 10 years, what is the project's payback period? a) 10 years Ob) 3.33 years c) 0.30 years d) 3 years Question 6 (2 points) The crossover rate is the rate at which an investor would be indifferent between accepting or rejecting a project. a) TRUE b) FALSE