The Diamond Corp. is considering an investment which has the following cash flows:

Time Period 0 1 2 3 4 5 6 7 8

-3150 50 2000 600 1000 50 50 200 150

It has a cut-off period of 5 years for payback period, 6.5 years for discounted payback period. If its weighted average cost of capital is 13% should the project be selected based on the criteria of a) payback period b) discounted payback period c) Net Present Value d) internal rate of return. SHOW YOUR WORK!