Consider the following 10-year project: Year Cash Flow 0 -30000 1 2500 2 5000 3 6750 4 7000 5 7250 6 6000 7 6250 8 8000 9 3750 10 2000 1. What is the Payback Period for the project? Would you accept this project if the cut-off is 5 years? 2. What is the NPV of the project if the required rate of return is 12%? 3. What is the PI of the project? 4. What is the IRR of the project? 6. Calculating NPV For the cash flows in the previous problem, suppose the firm uses the NPV decision rule. At a required return of 9 percent, should the firm accept this project? What if the required return was 21 percent