1. An investment project provides cash inflows of $615 per year for eight years.....

What is the project payback period if the initial cost is $5,200?(Enter 0 if the project never pays back. Round your answer to 2 decimal places, e.g., 32.16.)

2. Youre trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $12.6 million, which will be depreciated straight-line to zero over its four-year life. If the plant has projected net income of $1,914,300, $1,967,600, $1,936,000, and $1,389,500 over these four years, what is the projects average accounting return (AAR)?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

3. A firm evaluates all of its projects by applying the IRR rule. A project under consideration has the following cash flows:

Year	Cash Flow
0	$	27,400
1		11,400
2		14,400
3		10,400

If the required return is 16 percent, what is the IRR for this project?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

IRR

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