Please use the following information to answer the remaining problems:

Able Corporation has Project A with the following cash flows and a 6.7% cost of money: Numbers in parentheses are outflows. Both Year 0 and Year 3 cash flows are outflows.

Year	0	1	2	3	4	5	6
Cash flow	$(312,000)	$ 95,000	$120,000	$(280,000)	$ 230,000	$200,000	$180,000

1. Please calculate the net present value ______________

2. Please calculate the profitability indexes (two decimals please)_________________

3.Please calculate the modified profitability index using the terminal value approach in the textbook (two decimals please)_______________________

4.Please calculate the internal rate of return (two decimals please)_____________________________

5. Please calculate the modified internal rate of return (two decimals please and per the book)________________________

6. Please calculate the payback period (two decimals please)________________________

7. Please calculate the present value payback period (two decimals please)______________________

8. You are opening your own business and estimate the following expenses and revenues:

Revenues year 1 $210,000 growing at 9% thereafter

Cost of goods sold year 1 $121,000 growing at 10% thereafter

Operating expense year 1 $47,000 growing at 6% thereafter

Taxes all in years 20% per year

Depreciation $15,000 in year 1, $21,000 in year 2, $17,000 in year 3

No working capital is needed -- please predict the after-tax cash flows from operations for the first three years of operations below:

Year 1_______________ Year 2__________________ and Year 3______________