Suppose Palmer Properties is considering investing $3.2 million today (i.e., C0 = -3,200,000) on a new project that is expected to last for 7 years. The project is expected to generate annual cash flows of C1 = -200,000; C2 = 400,000, C3 = 750,000 and then $900,000 for period C4 through C7. If the discount rate is 6% and managements payback period cutoff is 4 years: (a) What is the payback period for the project? Show your work (b) What is the net present value of the project ? Show your work (c) What is the internal rate of return on the project ? Show your work (d) Under which method(s) above should the company accept the project (applying the acceptance rules)? Explain