Q11. Project W requires a net investment of $1,000,000 and has a payback period of 5.6 years. You analyze Project W and decide that Year 1 free cash flow is $100,000 too low, and Year 3 free cash flow is $100,000 too high. After making the necessary adjustments

a. the payback period for Project W will be longer than 5.6 years.

b. the payback period for Project W will be shorter than 5.6 years.

c. the IRR of Project W will increase.

d. the NPV of Project W will decrease.