3. (4 points) A new IS project is to be developed with an initial cost of 1.5 million and a maintenance cost of 100,000 annually (excluding the first year). It is expected that this project will generate 600,000 annually, starting from the first year. a. Show the payback projection for the project in the first five years. b. Calculate the net present value (NPV) in five years for the project using a discount rate of 20%. c. Calculate the internal rate of return (IRR) if the target is to break even in 3 years