Question #11: Net Present Value and Payback Period -8 points The Spring Water Company uses both the Net Present Value and the Payback Period to evaluate their projects. The Company's required rate of return on this project is 11.3% and the required payback period is no more than 6-years. The cash flow for the project has been determined to be: Year Cash Flow 1 O Nm ($158,000) $46,730 $51,270 $69,930 $10,000 ($46,000) 4 5 Required: A.-Calculate the Net Present-Value for this project B.-- Calculate the Payback period for this project C.-Should the Spring Water Company accept or reject this project? Why