5. Machinery costs $1 million today and $100,000 per year to operate. It lasts for 5 years. What is the equivalent annual annuity if the discount rate is 3%? Enter your answer in dollars and round to the cent. Remember that costs are negative cash flows; so, include the negative sign.

6. Find the profitability index of a project with the following cash flows using a discount rate of 5%: Period 0: -1000 Period 1: 746 Period 2: 342 Period 3: 220 Enter your answer in a decimal and round to the hundredths place.

7. Calculate the discounted payback period of a project with a discount rate of 8% and these cash flows: Period 0: -1000 Period 1: 749 Period 2: 90 Period 3: 1258

8. Calculate the payback period of a project with these cash flows: Period 0: -1000 Period 1: 765 Period 2: 387 Period 3: 250

9. Calculate the NPV of a project with a discount rate of 3% and these cash flows: Period 0: -1000 Period 1: 739 Period 2: 323 Period 3: 298