P10-25 IntegrativeMultiple IRRs Froogle Enterprises is evaluating an unusual invest- ment project. What makes the project unusual is the stream of cash inflows and out- flows shown in the following table: Year 0 1 2 Cash flow $ 200,000 -920,000 1,582,000 -1,205,200 343,200 3 4 a. Why is it difficult to calculate the payback period for this project? b. Calculate the investment's net present value at each of the following discount rates: 0%, 5%, 10%, 15%, 20%, 25%, 30%, 35%. c. What does your answer to part b tell you about this project's IRR? d. Should Froogle invest in this project if its cost of capital is 5%? What if the cost of capital is 15%? e. In general, when faced with a project like this, how should a firm decide whether to invest in the project or reject it