Consider the situation where you have an opportunity to invest into a project in current period t = 1. If you invest, you pay the initial cost of c/in period t = 1 with no cost in the future periods, and you obtain the constant payoff in every period, where c >0 and > 0. Let 8 (0.1) denote the discount factor. The present value of your payoffs from the project is given by: T +7 +82 +8+.... (1) Find the critical payoff ** such that the project should be implemented if * > ** and the project should not implemented if 0 0 and > 0. Let 8 (0.1) denote the discount factor. The present value of your payoffs from the project is given by: T +7 +82 +8+.... (1) Find the critical payoff ** such that the project should be implemented if * > ** and the project should not implemented if 0