Use the following information to answer the next three questions:

Youve just been hired as a financial analyst for Ford Motors. Tim Stone. CFO, has asked you to analyze the project data shown to the right. Furthermore, Fords required return for this project is 10%, its tax rate is 22%, and its payback requirement in order to do a project is less than 3 years. In his memo to you, he asked you to answer the following questions:

Year	Cash Flow
0	$-44,000
1	16,200
2	29,300
3	7,300

1- What is the payback period for this project?

__________ years (go out to 4 decimal points x.xxxx)

2- What is the IRR of this project?

___________% (go out to 2 decimal points x.xx%)

3- What is the NPV of this project?

$__________ (go out to 2 decimal points $ x.xx)

4- Should Ford do this project and why or why not?