$1.$ Project L requires an initial outlay at t$=0$ of $$65,000,$ its expected cash inflows are $$12,000$ per year for $9$ years and its WACC is $9\%.$

a$.$ What is the project$$s NPV$?$

b$.$ What is the project$$s Payback Period?

c$.$ What is the project$$s Discounted Payback Period?