(Payback period, NPV,PI, and IRR calculations) You are considering a project with an initial cash outlay of $70,000 and expected free cash flows of $28,000 at the end of each year for 7 years. The required rate of return for this project is 8 percent.

a. What is theproject's paybackperiod?

b. What is theproject's NPV?

c. What is theproject's PI?

d. What is theproject's IRR?

a. Theproject's payback period is

nothing

years.(Round to two decimalplaces.)

b. Theproject's NPV is $

.(Round to the nearestcent.)

c. The theproject's PI is

.(Round to three decimalplaces.)

d. Theproject's IRR is

%. (Round to two decimalplaces.)