Please use the information provided to answer the following questions. Initial cost, year 0 Cash flow, year 1 Cash flow, year 2 Cash flow, year 3 Project A -$60,000 $20,000 $30,000 $40,000 Project B -$120,000 $40,000 $20,000 $80,000 a. Calculate the payback period for PROJECT A. If the cutoff period is 2 years, should you accept the project? (3 points) b. Calculate the internal rate of return for PROJECT B. If the required return is 10%, should you proceed with the project? (3 points) Calculate the net present value for PROJECT A assuming a weighted average cost of capital of 10%. Should you accept the project? (3 points)