(Payback

period, NPV, PI, and IRR

calculations)

You are considering a project with an initial cash outlay of

$75,000

and expected free cash flows of

$26,000

at the end of each year for

5

years. The required rate of return for this project is

7

percent.

a. What is the project's payback period?

b. What is the project's

NPV?

c. What is the project's

PI?

d. What is the project's

IRR?