Able Corporation has a project with the following cash flows and an 7.4% cost of money: Numbers in parentheses are outflows. Both Year 0 and Year 3 cash flows are outflows.

Year Cash flow

0 $(251,000)

1 $ 95,000

2 $168,000

3 $(300,000)

4 $ 280,000

5 $280,000

6 $244,000

1.Please calculate the net present value ______________

2.Please calculate the profitability indexes (two decimals please) _________________

3.Please calculate the modified profitability index using the terminal value approach (two decimals

please) _______________________

4.Please calculate the internal rate of return (two decimals please) _____________________________

5.Please calculate the modified internal rate of return (two decimals please ) ________________________

6.Please calculate the payback period (two decimals please) ________________________

7.Please calculate the present value payback period (two decimals please) ______________________