the following is provided for a capital-budgeting project:

Net initial investment $100,000

Estimated useful life 4 years

Estimated before-tax annual cash flow from operations $33,000

Estimated terminal disposal value $7,000

Required rate of return 12%

Income tax rate 30%

straight-line depreciation is used.

a.Compute NPV.

b.Compute IRR (to the nearest tenth of a percent).

c.Compute payback.

d.Compute AARR on net initial investment (to the nearest tenth of a percent).