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(Payback period, NPV, PI, and IRR calculations) You are considering a project with an initial cash outlay of $90,000 and expected free cash flows of

(Payback

period, NPV, PI, and IRR

calculations)

You are considering a project with an initial cash outlay of

$90,000

and expected free cash flows of

$26,000

at the end of each year for

7

years. The required rate of return for this project is

9

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?

a. The project's payback period is

nothing

years.(Round to two decimal places.)

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