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You are considering a project with an initial cash outlay of $80,000 and expected free cash flows of $20,000 at the end of each year for 6 years. The required rate of return for this project is 10 percent. a. What is the projects payback period? Payback period = Cash outflow / Cash flow per year Cash Outflow 80000 Cash Flow Per Year 20000 Payback period = 4 years b. What is the project's NPV? Interest Year 10% Cash Flow Present Value 0 ($80,000.00) ($80,000.00) 1 $20,000.00 $18,181.82 2 $20,000.00 $16,528.93 3 $20,000.00 $15,026.30 4 $20,000.00 $13,660.27 5 $20,000.00 $12,418.43 6 $20,000.00 $11,289.48 Net Present Value $7,105.21 Net Present Value Excel $7,105.21 c. What is the project's PI? Profitability Index= PV of future cash flows / Initial investment Present Value = 87,105 Initial Investment = 80000 Profitability Index= 1.08881517 d. What is the projects IRR? IRR = Investment required / Net Annual Cash flow Investment required 80000 Net Annual Cash flow 20000 IRR = 12.9780%