10.12. Project Alpha requires an initial outlay of $35,000 and results in a single cash inflow of $56,367.50 after five years.

a. If the cost of capital is 8% what are Alpha's NPV and PI? Is the project acceptable under each of these techniques?

b. What is project Alpha's IRR? Is it acceptable under IRR?

c. What are Alpha's NPV and PI if the cost of capital is 12%? Is the project acceptable under that condition.

d. What is Alpha's payback period? Does payback make much sense for a project like Alpha?

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