QUESTION 1 General Equipment has been offered a new machining tool that is expected to generate cash flows of $7,683 per year for 6 years, followed by S7,102 per year for 9 years, followed by $3,321 per year for 4 years. All cash flows end of the year cash flows. If the company's cost of capital is 14%, What is the maximum amount that General Equipment should be willing to pay for this tool? State your answer to the nearest whole dollar QUESTION 2 Project L requires an initial outlay at 10 of 583,692, it expected cash inflows are $23,330 at the end of each year for 8 years. If the appropriate WACC is 11.9%, what is the project's NPV? QUESTION 3 Central Machines is considering a project that will generate cash flow of $2,581,720 per year for 4 years, followed by $3,699,656 per year for 4 years, followed by $5,266,757 per year for 5 years. All cash flows will occur at the end of the year. If the cost of the project is $17,032,546, and the company's WACC is 12.2%, what is the Modified Internal Rate of Return of the project? State your answer as a percentage to 2 decimal places