Question 29 3/3 pts In answering the next six questions, consider the following cash flows on five independent projects for Freddy's Amusement Park, an independently owned amusement center targeted towards young children and teens. Each project represents a proposed new ride or attraction. Freddy adds and retires one attraction per year. Pennywise's The The Chuckie's Logan's Trip Year House of Human Screamer Playhouse to Mars Horrors Slingshot 0 $-3,000,000 $-1,750,000 $-1,500,000 $-985,000 $-2,120,000 1 $1,600,000 $450,000 $400,000 $250,000 $1,000,000 2 $1,500,000 $550,000 $500,000 $300,000 $800,000 3 $750,000 $550,000 $500,000 $300,000 $750,000 4 $500,000 $400,000 $400,000 $300,000 $500,000 5 $500,000 $300,000 $200,000 $150,000 $300,000 6 $50,000 $250,000 $150,000 $50,000 $100,000Freddy's Amusement Park CEO Ted Kueger uses three criteria in making investment decisions, NPV, IRR, and Discounted Payback Period. For the purpose of your analysis assume the company's cost of capital is 11%. Calculate the NPV and IRR for each of these projects then answer the following four questions. Which project has the highest Net Present Value? t! The Screamer O Chuckie's Playhouse O Pennywise's House of Horrors The Human Slingshot O Logan's Trip to MarsQuestion 30 3/3 pts Continuing with Freddy's Amusement Park, which is the IRR of Pennywise's House of Horrors O 10.87% O 11.03% O 12.73% O 11.67% t! O 13.50%3/3 pts Question 31 Continuing with Freddy's Amusement Park, what is the discounted payback period for the Logan's Trip to Mars project? O 2.56 years O 2.88 years ct! O 3.06 years O 3.76 years O 4.01 yearsQuestion 32 3/3 pts Concluding the questions regarding Freddy's Amusement Park, which ONE of the five proposed projects will destroy economic value? O The Screamer O Chuckie's Playhouse O Pennywise's House of Horrors O The Human Slingshot O Logan's Trip to Mars t! O BOGUS QUESTION: ALL five projects create economic value