An investment project requires an outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years. The cost of capital is 12 percent. Note: Make accept/reject decisions under each method. 17. Determine the payback period for the project. 18. Determine a net present value for the project. 19. Determine the internal rate of return for the project (to the nearest tenth of one percent). 20. Determine the profitability index for the project

An investment project requires an outlay of $100,000, and is expected to generate annual cash inflows of $28,000 for the next 5 years. The cost of capital is 12 percent. Note: Make accept/reject decisions under each method. 17. Determine the payback period for the project. 18. Determine a net present value for the project. 19. Determine the internal rate of return for the project (to the nearest tenth of one percent). 20. Determine the profitability index for the project