Determine the payback period in years for a project that costs $76,000 and would yield after-tax cash flows of $19,000 the first year, $21,000 the second year, $24,000 the third year, $26,000 the fourth year, $30,000 the fifth year, and $36,000 the sixth year.

	2.92
	3.46
	3.26
	2.81
	3.64

Determine the net present value for a project that costs $358,000 and would yield after-tax cash flows of $26,000 per year for the first 11 years, $34,000 per year for the next 17 years, and $47,000 per year for the following 11 years. Your firm's cost of capital is 8.00%.

	-$694.60
	-$344.12
	-$406.33
	-$636.72
	-$482.36