1. A seven-year project, if undertaken, will require an initial investment of $500,000. The expected end-ofyear cash flows are: $120,000,$120,000,$150,000,$150,000,$40,000,$150,000,$150,000. Given a discount rate of 8%, what is the NPV of this project? (0.5 point) 2. If the cash flows for a project are: $10,000,$3,000,$3,000,$3,000,$3,000,$3,000,$3,000. Given a discount rate of 5%, what is the discounted payback period? ( 0.5 point; rounding to dollar in steps is fine)