(Calculating IRR, payback, and a missing cash flow) The Merriweather Printing Company is trying to decide on the merits of constructing a new publishing facility The project is expected to provide a series of positive cash flows for each of the next four years. The estimated cash flows associated with this project are as follows Year Project Cash Flow 0 1 $770,000 390,000 320,000 520.000 The IRR of the project is % (Round to two decimal places) 2 3 4 (Related to Checkpoint 11.1 and Checkpoint 11,4) (Calculating NPV, PI, and IRR) Fisawa, Inc is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial outlay would be $11,600,000, and the project would generate cash flows of $1.230,000 per year for 20 years. The appropriate discount rate is 72 percent a. Calculate the NPV b. Calculate the PI c. Calculate the IRR d. Should this project be accepted? Why or why not? a. The NPV of the expansion is $ (Round to the nearest dollar) ack period) Gio's Restaurants is considering a project with the following expected cash flows Year Project Cash Flow (millions) 0 $(240) 1 95 2 80 3 95 95 (Cock on the icon in order to copy its contents into a spreadsheet) If the project's appropriate discount rate is 13 percent, what is the project's discounted payback period? The project's discounted payback period is yea years. (Round to two decimal places) (Discounted payback period) The Callaway Cattle Company is considering the construction of a new feed handling system for its feed lot in Abilene, Kansas The new system will provide annual labor savings and reduced waste fotaling $175,000 while the initial investment is only $505,000 Callaway's management has used a simple payback method for evaluating new investments in the past but plans to calculate the discounted payback to analyze the investment where the appropriate discount rate for this type of project is 12 percent, what is the project's discounted payback period? The project's discounted payback period is years. (Round to two decimal places)