These are three questions and please explain how you got the answer for each problem thank you.

Maxwell Software, Inc., has the following mutually exclusive projects. Year 0 1 2 3 Project A -$22,000 13,000 9,500 3,100 Project B -$25,000 14,000 10,500 9,500 a1. Calculate the payback period for each project. (Do not round intermediate calculations and round y decimal places, e.g., 32.161.) Project A Project B a2. Payback period years years Which, if either, of these projects should be chosen? Project A Project B Both projects Neither project b1. What is the NPV for each project if the appropriate discount rate is 16 percent? (A negative answer sh by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal pl Project A Project B NPV $ $ b2. Which, if either, of these projects should be chosen if the appropriate discount rate is 16 percent? Project A Project B Both projects Neither project 2) Down Under Boomerang, Inc., is considering a new threeyear expansion project that requires an initial fixed asset investment of $2.97 million. The fixed asset will be depreciated straightline to zero over its threeyear tax life, after which will be worthless. The project is estimated to generate $2,170,000 in annual sales with cost of $865,000. The tax rate is 35 percent and the required return is 9 percent. What is the projects NPV? (Do not round intermediate calculations and round your answers to 2 decimal places) 3) Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.85 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. The project is estimated to generate $2,130,000 in annual sales, with costs of $825,000. The tax rate is 34 percent and the required return is 11 percent. The project requires an initial investment in net working capital of $350,000, and the fixed asset will have a market value of $235,000 at the end of the project. What is the project's Year 0 net cash flow? Year 1? Year 2? Year 3? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) Years Year 0 Year 1 Year 2 Year 3 Cash Flow $ $ $ $ What is the NPV? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 3 NPV $