Long Futures, Inc. has been presented with an investment opportunity which will yield end-of-year cash flows of $56,000 per year in Years 1 through 4, $75,000 per year in Years 5 through 9, and $40,000 in Year 10. This investment will cost the firm $320,000 today, and the firm's cost of capital is 12 percent.

1. What is the NPV for this investment? (In Box 1; Round it to a whole dollar and without the dollar sign.)

2. What is the IRR of the investment? (In Box 2; Answer in percentage, but without the % sign, and round it to one decimal place)

3. Compute the payback. (Box 3; Round it to one decimal place)

Box # 1 _______

Box # 2_______

Box # 3_______