10 - Test 5- Requires Respondus LockDown Browser Time Left:1:27:19 Ralph King: Attempt 1 Question 21 (0.125 points) The company's required rate of return or weighted average cost of capital is 8%. After computing Payback Period, NPV, PI, and IRR, state whether you would accept or reject each project. Management's arbitrarily set payback period is 2.75 years. Project Bart details; Initial Outlay = $118,736; Cash Inflows = Year 1 $60,000 Year 2 $50,000 Year 3 $28,000. Compute IRR for Project Bart. A) 8% B) 9% OC) 10% OD) 10.5% Question 22 (0.125 points) The company's required rate of return or weighted average cost of capital is 8%. After computing Payback Period, NPV, PI, and IRR, state whether you would accept or reject each project. Management's arbitrarily set payback period is 2.75 years. Project Homer details; Initial Outlay = $123,000; Cash Inflows = $30,000 per years for 5 years. Compute IRR for Project Homer. O A) 5% O B) 6% C) 7% OD) 8%