Using a 4.4% discount rate, calculate the Net Present Value, Payback, Profitability Index and IRR for the following projects. (project 1): initial invest= $505,000, cash flows of $105, 000 for years 1-5 and $50,000 for years 6-10. (project 2): initial invest= $1,100,000, cash inflows of $420,000 for years 1-3, $0 for years 4-7 and $250,000 for years 8-10. (project 3): initial invest= $840,000, cash inflows of $300,000 for years 1-5, $0 for years 6-9 and $100,000 for year 10. Assuming a budget of $1,200,000 what are your recommendations for the three projests. assuming a budget of $2,000,000 what are your recommendations for that above projects?