9-1 Komfy Karz is evaluating a project that costs $365,000 and is expected to generate $260,000 and $175,000, respectively, during the next two years. If Komfy's required rate of return is 13 percent, what is the project's (a) net present value, (b) internal rate of return (IRR), and (c) modified internal rate of return (MIRR)?

9-2 Compute both the traditional payback period (PB) and the discounted payback period (DPB) for a project that costs $270,000 if it is expected to generate $75,000 per year for five years. The firm's required rate of return is 11 percent. Should the project be purchased?