II. Problems (10 points each except where noted otherwise) In order to receive partial credit, be sure to show your work for each problem. Write neatly. 17. A company is considering opening a new sales office at a one-time investment contre thofe$50,000. The office is projected to generates nett cash flow of $12,000 annually for the next 8 years. The company's cost of capital is 10%. a. What is the project's Net Present Value (NPV)? b. Wat is the payback period? c. What is the Internal Rate of Return (IRR)