A project requires an initial outlay of 100000, and is expected to generate annual net cash inflows of 28,000 for the next 5 years. determine the payback period for the project

A) .28 years

b) 1.4 years

C) 3.57 years

D) 17.86 years

2) An Investment project requires an initial outlay of 100,000, and is expected to generate annual cash inflows of 28,000 for the next 5 years. (Round to the nearest tenth of the percentage) Determine the (Internal Rate of Return) IRR FOR THE PROJECT USING A FINANCIAL CALULATOR

A)12.0%

B) 3.6%

C) 12.6%

D) 12.4%