Use the following Information about Company Y to help answer problems 20-22. Today (T=O), Company Y proposes to Invest in project 1 or project 2 The appropriate discount rate is 8.0% Each project's cash flows are forecasted below Project 1 Project 2 T=0 $ (340) $ (400) T=1 $ 80 $ 85 T=2 $ 80 $ 90 T=3 $ 80 $ 95 T=4 $ 80 $ 100 T=5 $ 80 $ 105 T=6 $ 80 $ 110 20. The discounted payback period for Project 1 is closest to: a. 51 months b. 53 months c. 63 months d. 65 months e. 67 months 21. The Internal rate of return of Project 1 is closest to: a. 10.8% b. 11.0% c. 11.8% d. 12.0% e. 17.8% 22. The crossover rate for the projects is closest to: a. 11.2% b. 13.4% c. 14.3% d. 16.4% e. 17.3%