Initial Outlay	$3,000
Year 1 Cash Flow	$1,200
Year 2 Cash Flow	$1,200
Year 3 Cash Flow	$1,200
Year 4 Cash Flow	$1,200
Year 5 Cash Flow	$1,200

Requirements:

1. Calculate the Net Present Value (NPV) with a cost of capital of 10%.
2. Determine the Internal Rate of Return (IRR).
3. Assess if the project should be accepted based on NPV.
4. Calculate the Payback Period.
5. Evaluate the project using the Profitability Index (PI).