Project Summary: Initial Outlay: $11,000
 Expected Cash Inflows:

• Year 1: $2,300
• Year 2: $2,400
• Year 3: $2,500
• Year 4: $2,600
• Year 5: $2,700

Required Rate of Return: 14%

Requirements:

1. Determine the net present value (NPV).
2. Compute the internal rate of return (IRR).
3. Calculate the payback period.
4. Evaluate the project's profitability index (PI).
5. Assess whether the project should be accepted based on NPV.