Short Answer Question 4: The following table provides cash flow estimates associated with a projected capital investment. Assuming a cost of capital of 15%, calculate and interpret the NPV, IRR and Payback Period for this investment. Discuss whether the capital investment should be accepted or not.

Year Cash Flow

0 (current period) -$80,000

1 $5,000

2 $25,000

3 $50,000

4 $75,000