2 5. Kaiser Oakland Practice expects Projects 1 and 2 to generate the following cash flows: Project 1 (in 'ooos) Givens Years o 1 3 4 5 1 Initial investment ($3,800) 2 Net operating cash flows $500 $700 $900 $1,700 $3,000 Project 2 (in 'ooos) Givens Years o 2 3 4 5 1 Initial investment (86,000) 2 Net operating cash flows $1,800 $1,500 $1,400 $1,300 $1,000 a. Determine the payback for both projects. b. Determine the IRR. c. Determine the NPV at a cost of capital of 12 percent. w