cres of onts I (25 Points) Year Cash Flows 0 -20,000 Payback period 5.5 years in 3,000 5,000 500 6,000 A 500 NOV 1,29097 7,000 8,000 The company's required rate of return on such investments is 8%. Calculate the payback period, internal rate of return (IRR), net present value (NPV), and profitability index on this investment? (SHOW ALL YOUR WORK.) payback pood - subtract all years toom 20000 IRR - do not accept because it is lovee than 10% PI = 590974 20000 Iran Proue is a Deater than acept because its greater than o What is the IRR? Carefully, explain its relationship to net present value (NPV, and the profitability index