(b) You are evaluating an investment project, Project XX, which requires an initial investment of $100,000 and has the following cash flows:

PERIOD	CASH FLOW
1	$135,000
2	$35,000
3	$35,000
4	-$35,000

Calculate the following:

(i). Calculate the payback period. (2 marks)

(ii) Discounted payback period, assuming a 10% cost of capital. (4 marks)

(iii). Net present value, assuming a 10% cost of capital. (3 marks)

(iv). Profitability index, assuming a 10% cost of capital. (3 marks)

(v). Modified internal rate of return, assuming reinvestment at 10%. (5 marks)