1. Use the following information to answer the next two questions: A foreign investment project with an initial cost of $10,000 is expected to produce net cash flows of $2,000, $9,000, $1,000, and $11,000 for each of the next four years. The firm's cost of capital is 11%, but the international financial manager perceives higher risk for this particular project. The international financial manager feels that a 14% discount rate would be appropriate for the project. (a.) What is the payback period of the project? (b.) What is the risk-adjusted net present value of the project