Initial Outlay	$8,000
Year 1 Cash Flow	$2,500
Year 2 Cash Flow	$2,500
Year 3 Cash Flow	$2,500
Year 4 Cash Flow	$2,500
Year 5 Cash Flow	$2,500

Requirements:

1. Compute the NPV with a cost of capital of 11%.
2. Determine the IRR.
3. Evaluate if the project should be accepted based on NPV.
4. Calculate the Payback Period.
5. Determine the project’s PI.