Beth, inspired by her study trip to Italy, wants to start a wood-fired brick open pizza businesson wheels. Shell build the oven on a trailer and carry it to craft fairs and other outdoor events, as well as cater parties. She has estimated the relevant costs and benefits and created the following time line showing the projects after-tax cashflows. 10 pts

0 1 2 3 4 5

(2,300) 800 1,600 2,600 3,500 4,000

Calculate the NPV and IRR assuming a RRR of 20%, evaluate the project by each approach.

NPV ____________ Evaluation: _____________________________________________________

IRR _____________ Evaluation: _____________________________________________________

Prof Index________ Evaluation: _____________________________________________________