A company is considering a project $($Project A$)$ that produces the following cash flows. Assume that the cash flow is complete at the end of each year. The company's cost of capital is $9\%.$

Year

Project A

$0$

$-350,000,000$ ISK

$1$

$120,000,000$ ISK

$2$

ISK $90,000,000$

$3$

ISK $70,000,000$

$4$

$120,000,000$ ISK

$5$

$270,000,000$ ISK

a$)$ Calculate the payback period of the project

b$)$ Calculate the discounted payback period of the project.

c$)$ Calculate the present value $($NPV$)$ of the project

d$)$ Calculate the project's internal rate of return $($IRR$).$

e$)$ Calculate the improved internal rate of return $($MIRR$)$ of the project and assume that the company grows the cash flow at a $7\%$ interest rate.

f$)$ Calculate the EAA $($equivalent annual annuity$)$ of the project.