1. Project K costs $50,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places.

2. Project K costs $40,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 11%. What is the project's discounted payback? Round your answer to two decimal places.

3. Project K costs $50,000, its expected cash inflows are $8,000 per year for 12 years, and its WACC is 9%. What is the project's NPV? Round your answer to the nearest cent.