1. A project has an initial cost of $60,000, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 14%. What is the project's MIRR? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. %

2. A project has an initial cost of $35,000, expected net cash inflows of $8,000 per year for 9 years, and a cost of capital of 14%. What is the project's Profitability Index? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.

3. A project has an initial cost of $35,000, expected net cash inflows of $11,000 per year for 8 years, and a cost of capital of 12%. What is the project's payback period? Round your answer to two decimal places.

years