$(25$ Points$)$ University Painting is considering investing in a new paint sprayer to

allow them to paint more classrooms in less time. The sprayer would have the

following cash flow and cost of capital $(r)$ data. What is the project's NPV$,$ IRR, MIRR

and Discounted Payback? Explain whether the company should go forward with the

project. Why or why not? Be sure to discuss the reason for choosing the evaluation

method you did.

Cost of Capital: $19\mathrm{.}5\%$

a$.$ NPV $(5$ points$)$:

b$.$ IRR $(5$ points$)$:

c$.$ MIRR $(5$ points$)$:

d$.$ Discounted Payback $(5$ points$)$:

e$.$ Decision and Rationale $(5$ points$)$: