QUESTION 33 Crazy Eight Kolaches ownsta chain of breakfast eateries. The company is considering an investment opportunity costing $6,000,000 with no residual value. The investment would yield annual net cash inflows of $850,000 for the next ten years. Crazy Eight uses straight-line depreciation and requires a payback period of fewer than eight years and an annual rate of return of 8%. a. [3 points) What is the payback of the proposed investment? b. [3 points) What is the accounting rate of return (ARR) of the proposed investment? c. [3 points) What is the net present value (NPV) of the proposed investment? d. (3 points] What is the internal rate of return (IRR) of the proposed investment (to the nearest whole percent)? e. [3 points] Should Crazy Eight undertake the proposed investment? Provide a justification for your