i only need the answer for (Task 2) please.

Zublin Corporation, a microfinance company, has had financial problems recently. According to independent auditors' report, the main cause of the problem was a lack of proper financial analyses and ignorance of the capital budgeting issues. To address these issues, the CEO of the company has created a financial council that would be in charge of the company's financial analyses. Members of the council are new people with various financial background, and they decided to make in-depth analyses of every proposed investment project Zublin Corporation considers a long-term investment project of $500.000 that is expected to last for 15 years. The required rate of return is 15 percent. Since the council decides that 15 years is quite a long time period for the investment, it made the following rules for accepting proposals of any new investment projects: a) The NPV should be positive. b) Payback period should be a maximum of 8 years, and C) The PI should be close to 5 percent The council is then offered two other investment projects for consideration The expected free cash flows from each project are as follows: Project 1 Project 2 Intial Outlay -500,000 -500,000 Inflow Year 1 40,000 90,000 Inflow Year 2 80,000 90,000 Inflow Year 3 50,000 90,000 Inflow Year 4 50,000 90,000 Inflow Year 5 70,000 90,000 Inflow Year 6 40,000 90,000 Inflow Year 7 75,000 90,000 Inflow Year 8 102,000 90,000 Inflow Year 9 109,000 90,000 Inflow Year 10 110,000 90,000 Inflow Year 11 140,000 90,000 Inflow Year 12 500,000 90,000 Inflow Year 13 75,000 90,000 Inflow Year 14 79,000 90,000 Inflow Year 15 100,000 90,000 Task 1 In evaluating these projects, please respond to the following questions The council is then offered two other investment projects for consideration The expected free cash flows from each project are as follows: Intial Outlay Inflow Year 1 Inflow Year 2 Inflow Year 3 Inflow Year 4 Inflow Year 5 Inflow Year 6 Inflow Year 7 Inflow Year B Inflow Year 9 Inflow Year 10 Inflow Year 11 Inflow Year 12 Inflow Year 13 Inflow Year 14 Inflow Year 15 Project 1 Project 2 -500,000 -500,000 40,000 90,000 80,000 90,000 50,000 90.000 50,000 90,000 70,000 90,000 40,000 90,000 75,000 90.000 102,000 90,000 109,000 90.000 110,000 90.000 140,000 90,000 500,000 90,000 75,000 90.000 79,000 90.000 100,000 90,000 Task 1 In evaluating these projects, please respond to the following questions a) Why is the capital budgeting process so important? b) What is the payback period on each project? Which of these projects should be accepted? What are the criticisms of the payback period? d) Determine the NPV for each of these projects Should either project be accepted e) Determine the Pi for each of these projects. Should either project be accepted? 1) Would you expect the NPV and Pl methods to give consistent accept/reject decisions? Why or why not? 9) Determine the IRR for each project. Should either project be accepted Task 2 The CEO of Zublin Corporation is not quite happy with this policy, since he thinks that now the company is too strict with its investments and may lose potential customers. Evaluate the investment policies. Explain what factors may ease the process