The company's required rate of return or weighted average cost of capital is 8%. After computing Payback period, NPV, PI, and IRR, state whether you would accept or reject each project. Management's arbitrarily set payback period is 2.75 years. Project Bart details; Initial Outlay = $118,736; cash inflows= Year 1 $60,000 Year 2 $50,000 Year 3 $28000. Compute NPV for Project Bart.