Project M has a cost of $38,000, expected net cash inflows are $13,000 per year for 3 years, and a cost of capital of 11%. What is the project's payback period (to the closest year)? 1. What is the project's NPV? 2. What is the project's IRR? 3. What is the project's discounted payback period? 4. What is the project's MIRR