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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 $28,000 at the end of each year for 6 years. The required rate of return for this project is 8 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?

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