At its inception, a project requires an investment in equipment of $1,450,000. The project will produce annual after-tax operating cash flows of $224,000 for the next ten years. An additional $380,000 after-tax cash flow will be received from the sale of the equipment at the end of the project. The weighted average cost of capital is 11%. The payback period for this project is Choose the range that includes the correct answer. less than or equal to 5 years O greater than 5 years but less than or equal to 6 years greater than 6 years but less than or equal to 7 years O greater than 7 years but less than or equal to 8 years O greater than 8 years The modified IRR (MIRR) is normally less than the regular IRR if IRR > WACC. O greater than the regular IRR if IRR > WACC. O equal to the regular IRR FIRR - WACC. Answers band care correct Answers a and care correct. According to the CAPM, an increase in diversifiable risk Owould cause an increase in the beta and would lower the required return. Owould have no effect on the beta and would, therefore, cause no change in the required return. Owould cause an increase in the beta and would increase the required return. would cause a decrease in the beta and would, therefore, lower the required rate of return. None of the above are correct