> Homework 2 for 2021 Corporate Finance.docx Homework 2 Below you will find 4 questions of Homework 2. The answers are expected until 19.00 on May 5,2021 (next Wednesday). The answers after that time will not be accepted. Questions: 1) A firm considers an investment whose cost is $ 3 000 000 which is paid in 2020. The expected cash lows from this investment are as follows: 2021 $ 500 000 2022 $ 700 000 2023 $ 1 000 000 $ 1 000 000 2025 $ 800 000 2026 $ 600 000 The firm's desired target payback period is 3 years which means that firm accepts all projects with a payback period less than 3 years. a) Find the exact payback period of this investment on the basis of simple payback period. b) Should the firm accept or reject this investment (glve your answer simply as accept or reject) 2024 Note: Notice that I want to see the exact payback period which means you need to use interpolation. See my written notes to understand how the interpolation is done