A project requires an initial investment of $100,000 and provides annual net cash flows as follows. Calculate the payback period, NPV, and IRR. (Round your answers to one decimal place where applicable.)

•Year 1: $20,000

•Year 2: $25,000

•Year 3: $30,000

•Year 4: $35,000

•Year 5: $40,000

Requirements:

•Payback period

•NPV at a 10% discount rate

•IRR

•Assess whether the project is worthwhile based on the calculated metrics.