Payback period, net present value, profitability index, and internal rate of return calculations)You are considering a project with an initial cash outlay of

$72,000

and expected cash flows of

$20,880

at the end of each year for six years. The discount rate for this project is

10.5

percent.

a.What are the project's payback and discounted payback periods?

b.What is the project's NPV?

c.What is the project's PI?

d.What is the project's IRR?

Question content area bottom

Part 1

a.The payback period of the project is

3.443.44

years. (Round to two decimal places.)

Part 2

If the discount rate for this project is

10.5%,

the discounted payback period of the project is

enter your response here

years.(Round to two decimal places.)