1. Refer to Exhibit 1 below. What is the project's payback period? 2. Refer to Exhibit 1 below. If the firm's WACC is 15% what is the project's discounted payback period? 3. Refer to Exhibit 1 below. If the firm's WACC is 15%, what is the project's NPV? 4. Refer to Exhibit 1 below. If the firm's WACC is 15%, what is the project's Profitability Index? 5. Refer to Exhibit 1 below. What is the project's IRR (to one decimal place, e.g., 5.1%)? 6. Refer to Exhibit 1 below. If the firm's WACC is 15%, what is the project's MIRR (to one decimal place, e-g., 5.1%)? Exhibit 1 A firm is considering a project with the following end of year cash flows: Year 0 1 2 3 Cash Flows -$900 $200 $500 $8007. A firm is considering a project with an initial cost of $20,000 and the following cash flows over the next 10 years: $2,000 a year for the first 4 years and then $5,000 a year until 10 years from today. Years 0 1 to 4 5 to 10 Cash Flow -20,000 $2,000 $5,000 Assuming end of year cash flows and a required rate of return of 1 1%, what is the net present value of this project? 8. If the net present value from a firm's only project under consideration is zero, should the firm go ahead with the project? Why or why not