You are the financial analyst for the Glad Its Finally Over Company. The director of capital budgeting has asked you to analyze a proposed capital investment. The project has a cost of $35,000 and the cost of capital is 8%. The projects expected net cash flows are as follows:

Data for Problems 1 5

Year	Expected Net Cash Flow
0	($35,000)
1	$14,500
2	$11,000
3	$11,000
4	$5,000

1. If the cash inflows are received throughout the year, the payback period given this scenario is _____ years (Fill in the blank with your calculation result of two decimal places).

2. If the cash inflows are received throughout the year, the projects discounted payback period is ___ years (Fill in the blank with your calculation result of two decimal places).

3. The projects Net Present Value is $_______, (rounded to 2 decimal places)

4. The projects Internal Rate of Return is ______%, (rounded to 2 decimal places)

5. The projects modified Internal Rate of Return is ______%, (rounded to 2 decimal places).