The Garnet Company has a project with the following cash flows:

a$.(7$ pts$)$ What is the project's payback period? Interpolate to the nearest month. Should the company

accept the project if their company policy is to accept projects with payback periods of $3\mathrm{.}5$ years or

less? Why or why not?

b$.(7$ pts$)$ What is the project's NPV at $6\%?$ Should the company accept the project based on NPV$?$

Why or why not?

c$.(7$ pts$)$ What is the project's PI at $6\%?$ Should the company accept the project based on PI$?$ Why or

why not?

d$.(7$ pts$)$ Calculate the IRR $($HINT: Start by using $8\%).($Interpolate to the nearest tenth $\%)$ Should the

company accept the project based on IRR? Why or why not?