Question: Please explain and show work. I know answer a is 2.7. But please help with b and c. Payback Period, IF-EFL and Minimum Cash Flows

Please explain and show work. I know answer a is 2.7. But please help with b and c.

Please explain and show work. I know answer a is 2.7. But

Payback Period, IF-EFL and Minimum Cash Flows The management of Mesquite Limited is currently.r evaluating the following investment proposal: --- [a] Determine the proposal's payback period. _____ years [Round answer to one decimal pLa ce.} {b} Determine the proposal's internal rate of return. [Refer to Appendix 125 ifyou use the table approach] Round answer to the nearest percentage {en 0.15l5? = 19%] {c} Given the amount of the initial investment. determine the minimum annual net cash inows required to obtain an internal rate of return of 3 percent. Round the answer to the nearest dollar. '3

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