1. A company has estimated that a proposed $10,000 investment will generate $3,250 for each of the next four years. a. What is the payback period? b. If the required rate of return is 9%, use internal rate of return to determine whether or not this proposal should be accepted. 2. An e-commerce firm is developing a new application. Financial analysts have estimated the expenses and revenues over the next five years: The company’s discount rate is 8%. Compute the NPV and IRR for net profit and make a recommendation on whether or not to pursue the project. Then, use a data table to evaluate the impact of changing the initial investment in increments of $5,000 between $30,000 and $70,000. What might this mean with regard to the company’s decision?