Using the following information, calculate:

1) Payback period

2) Net Present Value (NPV)

3) IRR

Project Zebra:

Cost of capital 13%

Initial investment=$50,000

Cash Inflows:

Year 1: $15,000

Year 2: $15,000

Year 3: $15,000

Year 4: $15,000

Year 5: $15,000