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2. Acorn project has an initial cost of $50,000, cost of capital of 13%, and expected net cash inflows of $8,500 per year for the

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2. Acorn project has an initial cost of $50,000, cost of capital of 13%, and expected net cash inflows of $8,500 per year for the next 7 years. (Marks: 8) Requirements: a. What is the project's NPV? b. What is the project's PI? c. What is the project's payback period? d. What is the project's discounted payback period

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