A new deep-fryer for a local restaurant will cost $83,999. Its a large 2.7 meters-wide unit with five separate fryers complete with five separate programmable digital thermostats and a built-in filtration system. The fryer should enable the restaurant to expand its operations and generate and extra $17,000 in profits per year for about eight years, which is the expected life of the fryer.

a. What is the fryers IRR?

b. If purchasing the fryer will require a bank loan with an 8% interest rate on it, what is the NPV of the project?

c. What is the fryers PI?