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%):

o Payback period

o Discounted payback period

o Internal rate of return (IRR)

o Modified IRR

The discounting approach

The reinvestment approach

The combination approach

o Net present value (NPV)

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