Please answer the following question:

Question 1: The process of selecting among potential major corporate investments is called capital budgeting. True or false

Question 2: The goal of the capital budgeting decisions is to select capital projects that will decrease the value of the firm. True or false

Question 3: The payback period is useful because it takes into account all expected future cash flows.True or false

Question 4: The payback period rule accepts all investment projects in which the payback period for the cash flows is: True or false

Question 5: Kingston, Inc. management is considering purchasing a new machine at a cost of $4,250,000. They expect this equipment to produce cash flows of $815,000, $850,000, $1,000,000, $2,000,000, and $2,500,000 over the next five years. If the cost of capital is 15 percent, what is the NPV of this investment?

Question 6: Bulldawg Enterprises would like to invest $1,000,000 in a new football manufacturing facility. The new facility is expected to generate an extra $300,000 per year in annual cash flow for the next five years. What is the NPV on this investment if the required rate of return is 10 percent?

Question 7: Morningside Bakeries has recently purchased equipment at a cost of $1,050,000. The firm expectes to generate cash flows of $500,000 from this equipment over the next four years. What is the payback period for this project?

Note: Please describe comprehensively and provide step by step solution.