Question 12 of 22 Liz is expanding her clothing shop to include a new line of shoes. The expansion will cost $7,700 initially, and have annual expenses of $1,200. She expects to earn $4,100 additionally per year from the expansion over the next 4 years. All revenues are at the end of the year, and all expenses are at the beginning of the year. a. Find the payback of Liz's investment. year(s) month(s) Round up to the next month b. Fill out the Cash Flow Chart below. CFO = C01 = F01 = CO2 = FO2 = Question 12 of 22 c. Liz has an MARR of 12% compounded annually. Find the NPV of Liz's investment. Round to the nearest cent d. Using the NPV criterion, should Liz invest? Yes No Question 12 of 22 e. What is the internal rate of return of this investment? % Round to two decimal places if applicable Question 12 of 22 f. How much extra can they afford to spend on their clothing store initial costs? Round to the nearest cent g. What is the minimum amount of annual revenue they need to earn on this investment? Round to the nearest cent