A company has the following projected cash flows: an initial outlay of $3,000 and annual cash inflows of $1,200 for 6 years. The company uses a discount rate of 10%. Compute the following:

a. Compute the net present value (NPV) of the project. b. Calculate the internal rate of return (IRR). c. Determine the payback period. d. Should the project be accepted based on the NPV and IRR?

1. Table Format:

Year	Cash Flow
0	-$4,000
1	$1,500
2	$1,500
3	$1,500
4	$1,500
5	$1,500

2. Given a discount rate of 12%, compute the following:
3. a. Net present value (NPV). b. Internal rate of return (IRR). c. Profitability index (PI). d. Should the project be undertaken?