Use the following data to answer Questions 17 through 19. A company is considering the purchase of a copier that costs $5,000. Assume a WACC of 10% and the following cash flow schedule: Year 1: $3,000. Year 2: $2,000. Year 3: $2,000. 17. What is the project's payback period? * 4 points O A. 1.5 years B. 2.0 years. C.2.5 years O D. None of the above 18. What is the project's NPV?* 4 points O A. -$309. B. +$883 C. +$1,523 O D. -$883 O E. None of the above 19. If the project's IRR is 20%, would you accept the project: * points A. Yes O B. No C. IRR cannot be used to choose a project D. None of the above 4 points 20. Which of the following is least likely a problem associated with the internal rate of return (IRR) method of choosing investment projects? * A. Using IRR to rank mutually exclusive projects assumes reinvestment of cash flows at the IRR. B. For independent projects, the IRR and NPV can lead to different investment decisions. o C. If the project has an unconventional cash flow pattern, the result can be multiple IRRS. O D. None of the above