Use the following information for problems 1-7. company is considering the purchase of a copier that costs $5,000. Assume a required return o and the followin following cash flow schedule where the cash flows represent cost savings attributable to the copier that occur at year end): Year 1: $3,000 Year 2: $2,000 Year 3: $2,000 hout adjusting for the time value of money, how long does it take to recover the copier's upfront cost? a. 1.5 years b. 2.0 years c. 2.5 years 2. At what discount rate does the copier have an NPV = $07 a. 10% b. 15% c. 21% 3. How much shareholder wealth is created by the project? a. -$309 b. $883 c. $1,523 4. After adjusting for the time value of money, how long does it take to recover the copier's upfront cost? a. 1.4 years b. 2.0 years c. 2.4 years 5. How much present value cash flow is earned per dollar invested in the copier? a. 0.72 - b. 1.18 c. 1.72 6. Where will the copier's NPV profile cross the x-axis? a. 21% b. $5,000 c. 10% 7. If the average annual net income earned on the copier was $1,000 and the average book val copier was $3,000, what is the average accounting rate of return? a. 20% b. 33% c. 300%