1. Juliet is evaluating a new project for NIPA. She has determined that the after-tax cash flows for the project will be K10,000; K12,000; K15,000; K10,000; and K7,000, respectively, for each of the Years 1 through 5. The initial cash outlay will be K50,000. The set payback period for NIPA is 4 years. Calculate the payback period for the project and recommend whether NIPA should adopt the project, justify. 2. NIPA has determined that the appropriate discount rate (k) for this project is 2.5%. Calculate the NPV for this project and recommend whether NIPA should adopt the project, justify? 3. Calculate the profitability index and give a recommendation on the adoption of the project. 4. The management of NIPA has determined that the hurdle rate is 5% for projects of this type. Calculate the IRR and give a recommendation on the adoption of the project.