Analyze the financial performance of the following project based on the given net cash flows. (Round your answers to two decimal places.)

YearNet Cash Flows per YearCumulative Net Cash Flows

Initial investment($300,000)($300,000)

1$40,000($260,000)

2$50,000($210,000)

3$60,000($150,000)

4$70,000($80,000)

5$80,000$0

6$90,000$90,000

Requirements:

1.Calculate the payback period.

2.Compute the NPV at a 12% discount rate.

3.Determine the IRR.

4.Assess the project’s viability.