All techniques Rieger International is evaluating the feasibility of investing$92,000 in a piece of equipment that has a 5-year life. The firm has estimated the cash inflows associated with the proposal as shown in the followingtable: The firm has a 9% cost of capital.

Year (t) Cash inflows(CF)

1 $35,000

2 $30,000

3 $35,000

4 $20,000

5 $20,000

1. The

payback period of the proposed investment is ...?

years.(Round to two decimalplaces.)

2.The NPV of the proposed investment is $....?(Round to the nearestcent.)

3.The IRR of the proposed

investment is ....%. ?(Round to two decimalplaces.)

4.Should Rieger International

accept or reject the proposedinvestment?(Select the best answerbelow.)

Reject or accept?