Benny's is considering adding a new product line to its lineup and have estimated the following:

Year	Cash Flow	Net Income
0	-$62,000
1	$16,500	$1,500
2	$23,800	$3,800
3	$27,100	$7,100
4	$23,300	$3,300

Benny's required return on projects like the proposed is 16%. Benny's average book value is $31,000. What is the NPV of the project? What is the payback period? What is the average accounting return (ARR)?