Agape Mining Inc. is evaluating a project with the following cash flows:

Year	Cashflow
0	-$380,000,000.00
1	$79,000,000.00
2	$82,000,000.00
3	-$53,000,000.00
4	$175,000,000.00
5	$195,000,000.00
6	-$40,000,000.00
7	$188,000,000.00
8	$71,000,000.00

• Construct a spreadsheet and calculate the following (the required rate of return is 11%):
  • Payback period
  • Discounted payback period
  • Internal rate of return (IRR)
  • Modified IRR
    • The discounting approach
    • The reinvestment approach
    • The combination approach
  • Net present value (NPV)

• Based on your analysis, should the company take the project? Why?