You are a financial analyst for the Hittle Company. The director of capital budgeting has asked you to analyze a proposed capital investment, Project X. The project has a cost of $15,000, and the cost of capital for each project is 8 percent. The firms required payback period is within two years. The projects expected net cash flows are as follows: (20 points) Expected Net Cash Flows Year Project X 0 ($15,000) 1 7,500 2 6,000 3 4,000 4 1,500 f. Calculate the projects payback period (PB). Should the project be accepted? Explain. g. Calculate projects net present value (NPV). Should the project be accepted? Explain. h. Calculate the projects internal rate of return (IRR). Should the project be accepted? Explain. i. Calculate the projects average accounting rate of return or average book rate of return (AARR or ABRR). Should the project be accepted? Explain. j. Calculate the projects profitability index (PI). Should the project be accepted? Explain.