11-1 NPV 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%. What is the project's NPV? 11-2 IRR Refer to problem 11-1. What is the project's IRR? ANSWER IRR = 11.57% 11-3 MIRR Refer to problem 11-1. What is the project's MIRR? 11-4 PAYBACK PERIOD Refer to problem 11-1. What is the project's payback? ANSWER 5.42 yrs