1. You are considering a project that will require an initial outlay of $200,000. This project has an expected life of four years and will generate after-tax cash flows to the company as a whole of $60,000 at the end of each year over its five-year life. Thus, the free cash flows associated with this project look like this: Year Free Cash Flow ($) -200,000 70,000 70,000 70,000 70,000 Given a required rate of return of 10% percent, calculate the following: a. Discounted payback period b. Net present value c. Profitability index