XXX Co has a payback period of 4 years and is considering investing in the following project Beta. The investment required is $550,000. Cash flows occur evenly throughout the year and the cost of capital is 12%. Beta project Year 1 Cash inflow 100,000 2 350,000 3 50,000 4 200,000 5 6 300,000 300,000 1. What is the payback period of the project Beta? years and months 2. What is the net present value of the project Beta (to the nearest $000)? 3. What is the internal rate of return of the project Beta (to the nearest whole number)? 4. What is the yardstick for acceptance of projects when using the net present value method? a. Accept if the discount rate that achieves a breakeven is greater than the company's cost of capital b. Accept if payback occurs within a reasonable time frame c. Accept if the present value of future cash flows is positive d. Accept if a profit is made. 5. Tick the correct box to indicate whether or not the following items are included in the cash flows when determining the net present value of a project. a. The disposal value of equipments at the end of its life b. Depreciation charges for the equipment c. Research costs incurred prior to the appraisal d. Interest payments on the loan to finance thus investment