A firm is considering two projects. Both have an initial Investment of $1,000,000 and pay off over the next five years in this fashion. The cost of capital is 8%. Year e Year 2 Year 3 Year 4 Year 5 Option 1 -1, eee.eeg 1. eee eee 100.000 20e, cee 3eeeee 499, Option 2 -1, eeeeee See.ee see.ee 499.90 360.ee 2ee.ece Required: Using the Information above, answer the questions shown in the left column Option Question a. Which of these has a faster payback period? b. Which of these options has a higher net present value? c. Which of these options has a higher internal rate of return (IRR)