A company has the following annual cash flows and costs associated with a new project. Compute the following financial metrics. (Round your answers to two decimal places.)

•Initial investment: $200,000

•Annual cash inflows: $50,000

•Annual operating costs: $10,000

•Project life: 6 years

•Discount rate: 8%

Requirements:

•Net Present Value (NPV)

•Internal Rate of Return (IRR)

•Payback period

•Profitability index