please answer all 3 questions

Problem 1. Music Company is considering investing in a new project. The project will need an initial investment of $2,400,000 and will generate $1,200,000 (after-tax) cash flows for three years. Calculate the NPV for the project if the cost of capital is 15%. Would you invest in a new project? Problem 2. A firm with a WACC of 10% is considering the following mutually exclusive projects: 0 1 2 3 Project 1 -$200 $75 $75 $190 Project 2-5650 $250 $250 $125 $125 Which project would you recommend? Explain. $75 $190 $125 Problem 3. A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 2 + + Projects -$1,000 $870 $250 $25 $25 Project L --$1,000 $0 $250 $400 $845 The company's WACC is 8.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.)