Mowing to another question will save this response Question 3 Question 3 Spaints a) Provide one circumstance where IRR should be avoided or replaced by NPV. Explain briety 11 point b) For projects with different lifetimes, how do we evaluate and make investment decision? Briefly explain 11. 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 flow of $10.000. Al Year is expected.com realize a cash outflow of $50,000. Cash inflows in Year 7 and 8 will be $20,000 and $10,000, respectively If the initial outlay (ie., Year O cash flow) is $100,000 and the required rate of return is 11%, would you accept the project? Show your steps points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) I gs Paragraph Arial 14px A I. X IN > Ruestion 3 a) Provide one circumstance 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. c) Assume that you are valuing a project with the following expected cash flows. From Year 1 to Year 5, there will be a stea realize a cash outflow of $50,000. 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 $100,000 and the required rate of return is 11%, would you accept the project? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI Paragraph Arial 14px A iii