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The management of Saturn Networks Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: 2. Radio

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The management of Saturn Networks Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: 2. Radio Station TV Station Year $420,000 $420,000 $420,000 420,000 $620,000 $620,000 $620,000 620,000 The radio station requires an investment of $1,275,540, while the TV station requires an investment of $1,770,100. Instructions: a. Determine the Cash Pay Back Period for each of the two projects b. Determine the Internal rate of return for each of the two projects

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