Assignments will be done by using Microsoft Excel and Word. Please be careful with the NPV function of Excel as it calculates the NPV by assuming that the cash flows start in year 1 [(NPV of CF in year 1....CF in year t) + Initial Investment (CF in year 0)]. Please include the spreadsheet printouts you will be building for answering the questions. PROBLEM A project requires a current investment of $348 and yields future expected cash flows of $9, $381, $950 for each year after investment respectively and there is environmental care cost of $1000 for the recycling the residuals of the project in the last year. The appropriate discount rate is 8.5% of these expected cashflows. According to the given information answer the questions below: a. What is the net present value of the project? According to NPV is the project acceptable? b. Calculate the internal rate of return (IRR) for the project. Can you use the calculated IRR for making an investment decision? Explain why or why not. c. Calculate the payback period. If the cut-off is 2 years, would you accept the project? d. Calculate the discounted payback period. If the cut-off is 2 years, would you accept the project? e. What are the differences between parts c and d? Explain.