2. Emuskla's second project is a project that will require an initial investment of $455,000 and is expected to generate the following cash flows: Year 1 $90,000 Year 2 $145,000 Year 3 $160,000 Year 4 $120,000 Year 5 $110,000 A. What is the project's payback period? B. If the required rate of return is 20% and taxes are ignored, what is the project's net present value? The present value of $1 at compound interest of 20% for 1, 2, 3, 4 and 5 years is .8333, .6944, .5787, 4823 and .4019, respectively. C. Which Blackstone Project, 1 or 2 would you accept and why