Part A) The GAP Inc. is considering hiring a new mascot for its Old Navy subsidiary. They will shoot the commercials today and run them over the next four years. What is the discounted payback period of the investment if it requires an investment of $70,000 and provides cash flows of $20,000, $10,000, $50,000, and $30,000? Assume that the cash flows are received at the end of each year (not continuously) and that the appropriate discount rate is 10%. Round your answer, if appropriate, to two decimal places.

*if you get 3.29 as the answer that is incorrect, please rework it.*

Part B)

Mr. Burns is looking to open a second nuclear power plant in Springfield. It will have the following cash flows:

Year Cash Flow

0 -29,000

1 11,200

2 13,900

3 15,800

4 12,000

5 -9,400

The company uses an 9% discount rate on all of its projects. Using the combination method what is the MIRR of the project?

*if you used a financial calculator to solve this part, please show work for how to do it*

Part C) Levin Enterprises, which operates from somewhere under the brick and steel of a non-descript building, has an operating profit of $72,013, depreciation expense of $5,450, and taxes paid of $18,955. A partial listing of its balance sheet accounts is as follows:

	Beginning Balance	Ending Balance
Current Assets	$185,200	$134,018
Net Fixed Assets	$800,533	$703,815
Current Liabilities	$76,308	$90,185
Long-Term Debt	$267,000	$248,000

What is their level of cash flow from assets?

*please show detailed work for all parts to the problem. thank you*