Calculate Payback and discounted payback. Work must be shown.

Net Present Value (at 10%) =			$3,305
IRR =			20.08%
MIRR =			16.41%
Payback =
Discounted Payback =
Data for Payback Years				Years
				0	1	2	3	4
			Net cash flow	-$13,000	$4,100	$4,679	$4,269	$8,058
			Cumulative CF
			Part of year required for payback
Data for Discounted Payback Years				Years
				0	1	2	3	4
			Net cash flow	-$13,000	$4,100	$4,679	$4,269	$8,058
			Discounted cash flow
			Cumulative CF
			Part of year required for discounted payback