A new project at DEF Enterprises requires an initial investment of $9,000. The project will generate cash inflows of $2,000 annually for six years. The discount rate is 11%.

Requirements:

1. Calculate the NPV of the project.
2. Determine the IRR.
3. Assess if the project should be accepted based on NPV.
4. Calculate the Payback Period.
5. Analyze the project’s risk by varying the discount rate by ±3%.