1.Project L requires an initial outlay at t = 0 of $40,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

2.Project L requires an initial outlay at t = 0 of $71,855, its expected cash inflows are $11,000 per year for 11 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places.

3.Project L requires an initial outlay at t = 0 of $40,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 9%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

4.Project L requires an initial outlay at t = 0 of $47,000, its expected cash inflows are $8,000 per year for 7 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places.

5.Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 8%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places.

6.A company is analyzing two mutually exclusive projects, S and L, with the following cash flows:

0

1

2

3

4

Project S

-$1,000

$875.74

$260

$10

$10

Project L

-$1,000

$5

$260

$380

$853.75

The company's WACC is 9.0%. What is the IRR of thebetterproject? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places.