Questions 16 through 18 are based on the following information: Discount 8.00% rate: CFs CFL -$2,050 $750 $760 $770 $780 -$4,300 $1,500 $1,518 $1,536 $1,554 16. The NPV of project L is: a. 731.89 b.741.89 c. 751.89 d. 761.25 e. 771.25 17. The IRR of project L is: a. 15.58% b. 16.71% c. 17.83% d. 14.35% e. 18.99% 18. The payback period of project S is: a. 1.7 years b. 2.1 years c. 2.5 years d. 2.7 years e. 3.0 years