P10-22 (similar to) Question Help Payback, NPV, and IRR Rieger International is evaluating the feasibility of investing $91,000 in a piece of equipment that has a 5-year life. The firm has estimated the cash inflows associated with the proposal as shown in the following table: B! The firm has a 9% cost of capital i Data Table a. Calculate the payback period for the proposed investment b. Calculate the net present wave (NPV) for the proposed investment c. Calculate the internal rate of return (TRX), rounded to the nearest whole percent, for the proposed investment d. Evaluate the acceptability of the proposed investment using NPV and IRR. What recommendation would you make relative to implementation of the project? (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) a. The payback period of the proposed investment is 4 years. (Round to two decimal places Year (0) Cash inflows (CF) $30,000 $40,000 $20,000 4 $30,000 $30,000 1 2 3 5 Print Done