Capital Budgeting Methods: Use these cash flows to calculate the Capital budgeting methods in questions 1,2 and 3 of this section. 1. Payback period. a. Calculate payback period. b. If the payback hurdle is 3 years, do you accept or reject this project based on your payback period calculation. c. What are the flaws of the Payback methods? 2. IRR. a. Calculate IRR. b. Your WACC =12%, do you accept or reject this project based on IRR? 3. NPV a. Calculate NPV with a WACC of 12%. b. Do you accept or reject this project based on NPV