A project has a $$400,000$ initial investment. The cash flows from the project$$s implementation are $60,000$ for the first seven years, and $$30,000$ for the next seven years. Use i$=10\%$

Please calculate:

The Payback Period figure.

The discounted payback period.

The NPV of the project.

$($iv$)$ The profitability index of the project.

The IRR of the project.

Use $($iii$)$ above to determine if the project should be accepted.