Using information about the estimated costs, estimated benefits and a discount rate of 9% for Project XYZ, calculate the discount factor for each year, the discounted costs, the discounted benefits, the return-on-investment (ROI) and the net-present value (NPV). In which year does the payback occurs?

	Year						Total
	0	1	2	3	4	5
Estimated Costs	175,000	22,500	22,500	22,500	22,500	22,500
Discount Factor	?	?	?	?	?	?
Discounted Costs	?	?	?	?	?	?	?
Estimated Benefits	0	80,000	80,000	80,000	80,000	80,000
Discount Factor	?	?	?	?	?	?
Discounted Benefits	?	?	?	?	?	?	?
Discounted Benefits - Costs	?	?	?	?	?	?	?
Cumulative Benefits -Costs	?	?	?	?	?	?
Return on Investment (ROI)	?