Assume a firm plans to invest $ 550,000 in a project , the project will not begin to produce net cash inflow s until after the 2nd year , i.e. from the end of the 3rd year until the end of the 10th year ( 8 years ) , the ann ual net cash inflow will be $ 100,000 . Suppose the firm's WACC is 6 % .

( 1 ) Calculate the Payback period .

( 2 ) Calculate the Net Present Value ( NPV ) .

( 3 ) Calculate the Modified Internal Rate of Return ( MIRR )