CHAPTER 14: CAPITAL BUDGETING Homework 4.5, Chapter 14 Winston Clinic is evaluating a project that costs $61,500 and has expected net cash inflows of S15,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 11 percent. a. What is the project's payback? b. What is the project's NPV? c. What is the project's IRR? d. What is the MIRR? e. Is the project financially acceptable? Explain your