Answer 22, 23, and 24 using the following information: Jane plans to open a new business. The equipment will cost $175,000. Janc expects the after-tax cash inflows to be $65,000 annually for 5 years, after which she plans to scrap the equipment. a. Page 5 22. What is the project's payback period? A) 2.69 years B) 3.33 years C) 3.67 years D) 4.33 years E) 5.67 years 23. Assume the required return is 17%. What is the project's NPV? A) $887 B) $13,322 C) $22,759 D) $32,957.50 E) $80,023.89 -24. Assume the required return is 26%. What is the project's IRR? Should it be accepted? A) 14.95%: Yes B) 26%: yes C) 27.95%: yes D) 28%, yes E) None of the above