Question 1: Part a: Evaluate a 4 - year project costing $25,000 and returning $8,000 annually using the payback period technique and a 3-year cutoff. Part b: Evaluate the project above using the NPV method and a 12% required rate. Part c: Evaluate the project in part "a" using the IRR method and a 10% required rate.

Please show written work (if possible) and formulas used, thank you!