Lonestar International has identified two mutually exclusive projects and the free cash flows associated with each appear below. Assume a 10 percent discount rate.

Table 2: Projected free cash flows for projects C and D.

For each project, calculate the:

1. Regular Payback Period.
2. NPV.
3. IRR.

Year D 0 ($50,000) ($50,000) 1 14,500 2 14,500 3 14,500 4 14,500 5 14,500 90,000