Moving to the next question prevents changes to this answer. Question 1 a) Provide two circumstances where IRR should be avoided or replaced by NPV. Explain briefly b) For projects with different lifetimes, how do we evaluate and make investment decision? Briefly explain. Question 1 of 1 5 points Seve Answ c) Assume that you are valuing a project with the following expected cash flows. From Year 1 to Year 5, there will be a steady cash inflow of $50,000. At Year 6, it is expected that company will realize a cash outflow of $100,000. Cash inflows in Year 7 and 8 will be $20,000 and $10,000, respectively. If the initial outlay (i.e., Year 0 cash flow) is $150,000 and the required rate of return is 10%, would you accept the project? Show your steps. d) What is the payback period for the project in part (c). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px MacBook Air AIXO 0 WORDS POWERED BY TINY