Initial Outlay: $5,000

• Year 1: $1,500
• Year 2: $1,500
• Year 3: $1,500
• Year 4: $1,500
• Year 5: $1,500

Requirements:

1. Calculate the Net Present Value (NPV) using a discount rate of 12%.
2. Determine the project's Payback Period.
3. Compute the Internal Rate of Return (IRR).
4. Assess if the project should be accepted based on the IRR.
5. Evaluate the Discounted Payback Period.