Problem #1 (6 points) Calculate the payback period for both of the following mutually exclusive projects. My company has a maximum threshold of 4 years so also let me know which one (if any) I should accept. Project Par Project Birdie Initial investment $100,000 $100,000 Year Cash Inflows $10,000 $40,000 $20,000 $30,000 $30,000 $20,000 $40,000 $10,000 $20,000 $20,000 Problem #2 (6 points) My golf cart company has a 12% cost of capital & the following data: Project Par Project Birdie Initial investment $130,000 $85,000 Year Cash Inflows $25,000 $40,000 $35,000 $35,000 $45,000 $30,000 $50,000 $10,000 $55,000 $ 5,000 1. Calculate the IRR & tell me which ones (if any) to accept