Bowman Technology Systems (BTS) is considering a project that has the following cash flow and financial data.

• BTS's weighted average cost of capital = 11%
• BTS anticipates that it can earn 2.5% on funds that it places with its broker
• BTS's income tax rate = 25%
• BTS determined that its CAPM return for its common stockholders' equity = 15%
• Before investing in this proposed project, BTS's balance sheet reported the following:

Total assets = $5,000

Total liabilities = $1,500

Common equity = $3,500

Year	0	1	2	3	4	5
Cash flow	-1100	400	390	380	370	360

TASKS >> Please:

[1] Show for BTS the calculation detail behind each of the following capital budgeting metrics:

[a] Net present value

[b] Internal rate of return

[c] Modified internal rate of return

[d] Payback period