1. In what sense is a project's IRR similar to the YTM on a bond? (10-1)NPV A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.) (10-2)IRR Refer to Problem 10-1. What is the project's IRR? (10-3)MIRR Refer to Problem 10-1. What is the project's MIRR? (10-4)Profitability Index Refer to Problem 10-1. What is the project's PI? (10-5)Payback Refer to Problem 10-1. What is the project's payback period? (10-6)Discounted Payback Refer to Problem 10-1. What is the project's discounted payback period