Please refrain from using excel thanks!

3) Small Inc. is considering the following project with the following annual cash flows. Year Cash Flow -S10 0 4 $9 $2 $3 -$5 What is the payback period for this project? What is the discounted payback period for this project if the discount rate is 20%? If Small Inc. has a cutoff period of 2 years, briefly explain if they would accept this project under the payback method? What about the discounted payback method? What is the net present value of this project if the discount rate is still 20%? Briefly explain if they should accept this project based on NPV analysis. Suppose there are 10 shares outstanding of Small Inc. selling for $10 per share. If they undertake this project, what would you calculate their share price should be assuming Small Inc. is a common-equity only company? a) b) c) d) e)