A firm has a WACC of 7.2%. It has projected the following annual cash flows related to a proposed new project:

2 3 4 5 6 7 t=0 * (50,000) 7,000 8,0008,000 9,000 9,500 10,000 10,000 * represents the initial investment Calculate the following: project NPV project IRFR project payback (in years) project profitability index