Nguyen Industries is considering an investment project that has the following cash flows:

Year Cash Flow

0	-1000
1	500
2	400
3	400
4	300

The companys discount rate is 10%. What is the projects payback period, IRR, NPV, and PI?

a. Payback = 2.25, IRR = 10.00%, NPV = $700, PI = 1.700

b. Payback = 2.25, IRR = 10.00%, NPV = $291, PI = 1.291

c. Payback = 2.75, IRR = 10.00%, NPV = $700, PI = 1.700

d. Payback = 2.75, IRR = 24.00%, NPV = $291, PI = 1.291

e. Payback = 2.25, IRR = 24.00%, NPV = $291, PI = 1.291