Riger international is attempting to evaluate the feasibility of investing 88,000 in a piece of equipment that has a 5 year life . The firm has estimated the cash inflows associated with the proposal as shown in table. The firm has a 11% cost of capital

1) the payback period of proposed investment is ... Years ( round 2 decimal places)

2) the NPV of proposed investment is ( round to nearest cent)

3) the IRR of proposed investment is ...% ( round two decimal places)

4) should Riger international accept or reject proposed investment?