Can you show work/formulas

5 Assigned Problem 1 6 Winston Clinic is evaluating a project that costs $52,125 and has expected net cash flows of $12,000 7 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a 8 cost of capital of 12 percent. 9 a. What is the project's payback? 10 b. What is the project's NPV? Its IRR? 11 c. Is the project financially acceptable? Explain your answer. 12 13 ANSWER Om + 8 15 Table of cash flows for the project: 16 17 Annual Cumulative 18 Year Cash Flow Cash Flow 19 0 20 21 2 22 3 23 4 24 5 25 6 26 7 27 8 28 29 Payback 30 31 32 33 34 35 36 b. 37 Discount rate 38 NPV 39 IRR 40 41 c. 42 43