Jetson Aircraft is considering a capital budgeting project that requires an initial Investment (II) of $6,500 and will generate cash flows in next three years: Year 1 2 Operating cash flow 2,000 4,000 3,000 The company has a target payback period (TPP) of 2.5 years and a required rate of return (r) of 8%. Please answer the following questions with your calculations. 1. How much is the payback perlod (PP)? Should the project be accepted or rejected? 2. How much is the discounted payback period (DPP)? Should the project be accepted or rejected? 3. How much is the net present value (NPV)? Should the project be accepted or rejected? 4. How much is the Internal rate of return (IRR)? Should the project be accepted or rejected? 5. How much is the modified Internal rate of return (MIRR)? Should the project be accepted or rejected? Jetson Aircraft is considering a capital budgeting project that requires an initial Investment (II) of $6,500 and will generate cash flows in next three years: Year 1 2 Operating cash flow 2,000 4,000 3,000 The company has a target payback period (TPP) of 2.5 years and a required rate of return (r) of 8%. Please answer the following questions with your calculations. 1. How much is the payback perlod (PP)? Should the project be accepted or rejected? 2. How much is the discounted payback period (DPP)? Should the project be accepted or rejected? 3. How much is the net present value (NPV)? Should the project be accepted or rejected? 4. How much is the Internal rate of return (IRR)? Should the project be accepted or rejected? 5. How much is the modified Internal rate of return (MIRR)? Should the project be accepted or rejected?