Capital-Budgeting Techniques and Practice: 1) A project requires an initial cash outlay of $18,000.00 and yields free cash flows of $3000.00 in year 1, $5000.00 thereafter each year for 9 years. What is the payback period? If your desired payback period is five years, would you accept or reject this project? Show computations below, 2) A project requires an initial cash outlay of $ 18,000.00 and yields free cash flows of $3000.00 for 10 years. Considering a required rate of return of 9%, would you accept or reject the project using NPV method? Show computations below