Question: Question 1: Part a: Evaluate a 4 - year project costing $25,000 and returning $8,000 annually using the payback period technique and a 3-year cutoff.

Question 1: Part a: Evaluate a 4 - year project costing $25,000 and returning $8,000 annually using the payback period technique and a 3-year cutoff. Part b: Evaluate the project above using the NPV method and a 12% required rate. Part c: Evaluate the project in part "a" using the IRR method and a 10% required rate.

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