Just 6 and 7 please

(Initial investment) Year Cash Flow 0 $82,000.00 1 $40,000.00 2 -$21,000.00 3 $20,000.00 4 $30,000.00 5 -$10,000.00 6 $23,500.00 1. What is the project's payback period? Will you accept the project if the required payback period is 7 years? 2. What is the project's fair value or present value if you require a 5% return? 3. What is the project's NPV? Will you accept the project? I 4. Explain why the above two techniques give you different answers. 5. What is the project's IRR? Will you accept this project? 6. Does the IRR technique consider the time value of money? Explain. How does it differ from the NPV technique in this regard? 7. Why do small business owners prefer the payback period approach despite its flaws