Question 1. (15 pts) A project manager is working on justification of a project. Since very little information is known about the project, some rough estimates have been gathered. Following table is prepared to show the cash inflow and outflow for the following years: Year 0 1 Cash In Flow 0 500 700 300 400 Cash Out Flow 700 190 200 150 100 2 3 4 What is the payback period for this project? Question 2. (25 pts) If the required rate of return is 10%, is the project mentioned above acceptable? Use NPV