I WANT ALL STEPS AND CALCULATION

10-14 John's Publishing Company, a new service that writes term papers for college students, pro- NPV and IRR vides 11-page term papers from a list of more than 500 topics. Each paper will cost $7.50 and is written by a graduate in the topic area. John's will pay $20,000 for the rights to all of the keting expenses are estimated to be a total of $20,000 divided equally between Years 1 and 2, and John's cost of capital is 11 percent. Sales are expected as follows: YEAR VOLUME 1 10,000 2 7,000 3 3,000 a. What is the payback period for this investment? Its NPV? Its IRR? b. What are the ethical implications of this investment? 10-14 John's Publishing Company, a new service that writes term papers for college students, pro- NPV and IRR vides 11-page term papers from a list of more than 500 topics. Each paper will cost $7.50 and is written by a graduate in the topic area. John's will pay $20,000 for the rights to all of the keting expenses are estimated to be a total of $20,000 divided equally between Years 1 and 2, and John's cost of capital is 11 percent. Sales are expected as follows: YEAR VOLUME 1 10,000 2 7,000 3 3,000 a. What is the payback period for this investment? Its NPV? Its IRR? b. What are the ethical implications of this investment