please answer both questions please!

1. Capital budgeting (35) The firm can access an investment with the rate of return of 10%. The firm usually uses a discount rate of 10% and the CFO thinks the cost of capital should be a little lower than 10%. You can assume a WACC based on the information. Year Proi 1 Proi3 -2000 0 -2000 Proi 2 -2000 Net cash flow is zero 2200 1 280 350 2 450 60 3 330 500 60 4 330 300 350 5 330 200 -700 6 1200 011 330 330 7 8 1000 1) Please find NPV, IRR, and Payback, of the three projects (27') Project #1 Project #2 Project #3 NPV@10% NPV @a WACC of your choice IRR: Payback: 2) Please rank the projects and provide your reason. (8)