1)

Calculate the payback period of a project with these cash flows:

Period 0: -1000

Period 1: 797.0

Period 2: 314.0

Period 3: 250

Answer in years and round to the nearest hundredth.

2)

Find the profitability index of a project with the following cash flows using a discount rate of 4.0%: Period 0: -1000 Period 1: 727.0 Period 2: 350.0 Period 3: 266.0 Enter your answer in a decimal and round to the hundredths place.