Use this data to answer the question for the homework for unit 7. Part 1: Use the following information to answer questions 1 - 8 A firm has a project with the following cash flows (in Millions). The WACC for the firm is 6.24%. Year 0 U W NA Cash Flows $ (350.00) $ 23.00 $ 25.00 $ 45.00 $ 123.00 $ 165.00 What is the payback period for this project? A. 3.52 years B. 4.49 years C.4.81 years D.5.49 years QUESTION 6 What is the discounted payback period? A 3.46 years B. 4.46 years C. 5.46 years D. This project does not have a discounted payback period. QUESTION 7 Which of the following is a TRUE statement? A All methods indicate that this project will be profitable B. The NPV indicates that this project will be profitable, but all other methods indicate that it will be unprofitable. C. NPV indicates that this project will NOT be profitable, but IRR shows it will be profitable D. Based on the NPV, IRR and MIRR we should NOT go forward with this project. QUESTION 8 If the WACC is changed to 25%, which of the following will occur? A The NPV, the IRR and the MIRR will change B The NPV and the IRR will change, but the MIRR will NOT change C. The NPV and the MIRR will change, but the IRR will NOT change D. The NPV, the IRR and the MIRR will all remain the same