Consider an investment that costs $100,000 and has a cash inflow of $25,000 every year for 5 years. The required return is 9% and Payback cutoff is 4 Years. What is a payback period (definition)? What is the Payback Period for the above situation? What is the NPV, for the above? What is the IRR for above (at NPV = "0")? Should we accept the project? Why? What method should be primary decision rule? What is the IRR rule unreliable?