1. You are planning to open a restaurant in Brickell. Following the initial investment of $825,413, the excepted cash flows over the next 5 years are as follows. What is the discounted payback period of this project?

Assume the discount rate is 5%

T Cash flows

1 $320,795

2 $389,440

3 $468,044

4 $303,011

2. Considering the following cash flows.... Can you calculate the Modified Internal Rate of Return?

Investment (CF0) -$949,266

CF1 $274,267

CF2 $485,182

CF3 $130,597

CF4 $555,043

Assume discount rate is 2%