1. A new project is estimated to cost $52,125, its expected net cash flows are $10,000 per year for 8 years, its WACC is 14 percent. What is the projects Internal Rate of Return (IRR) period?
2. A new project is estimated to cost $52,125, its expected net cash flows are $12,000 per year for 8 years, its WACC is 12 percent. What is the projects Payback period?