Bob, Inc. has estimated the following cash flows for a project that it wants to invest in beginning January 1, 2022. As CFO of the closely held company, you have been asked to complete an analysis of the project cash flows that utilizes a 12 percent required return. Your analysis will include the following assessments: a) payback period; b) profitability index; c) IRR; d) MIRR (using the combination approach); and e) NPV.

Time	Cash Flow
0	-$52,287,500
1	20,154,887
2	22,540,547
3	22,659,147
4	44,563,019
5	-3,081,000
6	1,533,000