Nichols Inc. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's IRR can be less than the cost of capital or negative, in both cases it will be rejected.

Year	0	1	2	3	4	5
Cash flows	$1,250	$325	$325	$325	$325	$325

a. 10.92%

b. 9.43%

c. 11.47%

d. 10.40%

e. 9.91%

Westwood Painting Co. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's MIRR? Note that a project's MIRR can be less than the cost of capital (and even negative), in which case it will be rejected.

r.	12.25%
Year	0	1	2	3	4
Cash flows	$850	$300	$320	$340	$360

a. 18.22%

b. 16.56%

c. 13.42%

d. 20.04%

e. 14.91%

Worthington Inc. is considering a project that has the following cash flow data. What is the project's payback?

Year	0	1	2	3
Cash flows	$500	$150	$200	$300

a. 2.25 years

b. 3.03 years

c. 2.03 years

d. 2.50 years

e. 2.75 years

Craig's Car Wash Inc. is considering a project that has the following cash flow and cost of capital (r) data. What is the project's discounted payback?

r.	10.00%
Year	0	1	2	3
Cash flows	$900	$500	$500	$500

a. 2.09 years

b. 2.52 years

c. 2.78 years

d. 2.29 years

e. 1.88 years