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Risky Business is looking at a project with the following estimated cash flow: Initial investment at start of project: $11,700,000 Cash flow at end of

Risky Business is looking at a project with the following estimated cash flow: Initial investment at start of project: $11,700,000 Cash flow at end of year one: $2,106,000 Cash flow at end of years two through six: $2,340,000 each year Cash flow at end of years seven through nine: $2,527,200 each year Cash flow at end of year ten: $1,805,143 Risky Business wants to know the payback period, NPV, IRR, MIRR, and PI of this project. The appropriate discount rate for the project is 13%. If the cutoff period is 6 years for major projects, determine whether the management at Risky Business will accept or reject the project under the five different decision models.

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