Problem 1 (40 points): What is the internal rate of return on a project with the following cash flows: as OW as OwW Year(000's) Year (000's) 0 $200.00 $ 225.00 400.0012$ 225.00 $ 225.00 S225.00 $ 225.00 1 2$ 300.00 3 $ 100.00 $ 125.00 13 15 $ 200.00 16 17 18 19 $ 225.00 20 4 225 $ 225.00 S225.00 $ 225.00 225.00 10 $ 225.002 $225.00 6 7 8 $ 225.00 S 225.00 $ 225.00 el (a) What is the project's internal rate of return?4 (b) If your company's WACC of 12%, what value does this project represent? (c) Assuming the project is minimally risky, should you invest? Why or why not?* (d) What are the simple and discounted payback periods for both of the alternative projects in the problem ?1