A proposed new venture will cost $175,000 and should produce annual cash flows of $48,500, $85,000, $40,000, and $40,000 for Years 1 to 4, respectively. The required payback period is 3 years and the discounted payback period is 3.5 years. The required rate of return is 9 percent. Which methods indicate project acceptance and which indicate project rejection?

a) The payback period is _______ and the project should be (accepted/rejected) __________

b) The discounted payback period is _________ and the project should be (accepted/rejected) _____

c) The NPV is ___________ and the project should be (accepted/rejected) _____________

d) The IRR is ___________ and the project should be (accepted/rejected) _____________

e) The profitability index is ___________ and the project should be (accepted/rejected) _____________