(Q6 - Q9) A capital budgeting project is expected to have the following cash flows. The company requires a 10% required rate of return and payback period less than 5 years. Year Cash Flows Cumulative Cash Flows 0 1 2 - $1,000,000 $400,000 $400,000 $200,000 $400,000 3 4 What is the project's payback period? O 5 years O 3 years O 2.5 years O 4.2 years What is the project's Net Present Value (NPV) at a 10% required rate of return? (Round to the nearest whole number.) $170,548 $2,117,683 $117,683 O $1,229,45 What is the project's Internal Rate of Return (IRR)? (Round to the nearest whole number.) 10% 16% 12% 8% If this project is an independent project, will you accept it? O No, I will reject it. O Yes, I will accept it