NPV, PI, and IRR calculations) Fijisawa Inc. is considering a major expansion of

its product line and has estimated the following free cash flows associated with such

an expansion. The initial outlay would be $1,950,000, and the project would generate

incremental free cash flows of $450,000 per year for 6 years. The appropriate required

rate of return is 9 percent.

a. Calculate the NPV.

b. Calculate the PI.

c. Calculate the IRR.

d. Should this project be accepted?