QUESTION 8 Bee Ware Company is presented with the following independent projects Year Project M Project N -190,000 75,000 90,000 85,000 70,000 50,000 -$145,000 40,000 40,000 40,000 40,000 40,000 8a. Find the payback period of project M and N. (4pts) 8b. Find the profitability index of project N if the discount rate is 8%. Indicate whether the project should be accepted or rejected. (4pts.) 14