a- What criteria must be satisfied for an investment evaluation technique to be ideal?

b- Distinguish between the payback period and the discounted payback period.

c- The modified internal rate of return (MIRR) is designed to overcome a deficiency in the internal rate of return (IRR) method. Specifically, what problem is the MIRR designed to overcome?

d- You are evaluating an investment project, Project VV, with the following cash flows:

Period	End-of-period cash flow
0	-$100,000
1	20,000
2	40,000
3	60,000

Calculate the following:

-Payback period

-Discounted payback period, assuming a 5% cost of capital

-Discounted payback period, assuming a 10% cost of capital

-Net present value, assuming a 5% cost of capital

-Net present value, assuming a 10% cost of capital

-Profitability index, assuming a 5% cost of capital

-Profitability index, assuming a 5% cost of capital

-Internal rate of return

-Modified internal rate of return, assuming a reinvestment rate at 10%