Problem 5.120 points) 1- Calculate the net present value of a project that requires an initial investment of $11,000 and will generate $12,000 in cost savings for 8 years. The required rate of return is 5% (10 points) 2- Calculate the IRR for a project that requires $20,000 in initial investment and is expected to generate annual cash inflows of $5,000 for 7 years (10 points)