A facility upgrade for women's softball has a cost of $65,125, expected net cash inflows are $9,000 per year for 20 years, and a cost of capital of 11%. The project has a useful life of 20 years, but your organization does not have a maximum payback period.

1. What is the project's payback period? (2 points)
2. What is the project's discounted payback period? (2 points)
3. What is the project's NPV? (2 points)
4. What is the project's IRR? (2 points)
5. Should the facility upgrade be accepted? Why or why not? (2 points)
6. SHOW WORK ON EXCEL SPREADSHEET