QUESTION 3 Georgeos Churros is considering the buying another shop to expand their chain.The shop costs $150,000 up-front and is expected to generate the following net cash flows: Year 1: 25,000 Year 2: 35,000 Year 3: 45,000 Year 4: 35,000 Year 5: 25,000 What is the expected internal rate of return? 4.98% 11.14% 3.26% Can't calculate QUESTION 4 The payback period can be defined as... The amount of time required for an investment to generate net cash flows sufficient to recover the initial investment. The amount of time it takes for the revenue to exceed the costs. The amount of time it takes for the profits to exceed the costs. The amount of time it takes for the present value of the revenue to exceed the present value of the costs