Consider a proposed project which is expected to have the NINV of $100mil at time 0 and the NCFs as follows.

NCF Year 1: $40mil

Year 2: $40mil

Year 3: $60mil

Year 4: $40mil

a. Find the NPV assuming the annual cost of capital is 20%.

b. Find its IRR.

c. Find its PI.

d. Find its payback period by using the undiscounted NCFs

e. Find its payback period by using the discounted NCFs

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