You are considering a project with an initial cash outlay of $85,000 and expected free cash flows of $20,000 at the end of each year for 5 years. The required rate of return for this project is 9 percent.

a. What is the project's payback period?

b. What is the project's

NPV?

c. What is the project's

PI?

d. What is the project's

IRR?

a. The project's payback period is _____years.(Round to two decimal places.)

b. The project's NPV is $______ .(Round to the nearest cent.)

c. The project's PI is ? (Round to three decimal places.)

d. The project's IRR is ______%.

(Round to two decimal places.)