Project I Cash Flows

Year	Cash Flow
0	-$9,000
1	$2,000
2	$2,300
3	$2,600
4	$2,900
5	$3,200

With a required return of 8%:

1. Calculate the net present value (NPV).
2. Determine the internal rate of return (IRR).
3. Compute the payback period.
4. Calculate the discounted payback period.
5. Evaluate whether the project should be accepted.