An initial investment of $300,000 is made into Project C, which has the following expected cash flows:

PROJECT C:

• Year 1: $90,000
• Year 2: $100,000
• Year 3: $110,000
• Year 4: $70,000
• Year 5: $50,000

Required:

1. Compute the Payback Period.
2. Calculate the NPV with a discount rate of 12%.
3. Determine the IRR.
4. Calculate the Modified Internal Rate of Return (MIRR) with a reinvestment rate of 10%.
5. Assess the profitability index.