Given a project with the following cash flows and a cost of capital of 9%. Calculate the NPV, IRR, MIRR, PI, payback and discounted payback. For each of the six calculations, give a brief interpretation of what it measures and how it should be used to evaluate a project. Should the project be accepted? Why or why not?

Time Period Cash Flow

0 -$200,000

1 $50,000

2 $70,000

3 -$80,000

4 $75,000

5 $100,000

6 $120,000