Can you walk me through this problem? I understand that all the investment does is have a 2-year payback period, although it will lose money since $5,000 next year and $5,000 2 years out are both worth less than $10,000 today.

9. Obviously, an investment that requires a $10,000 initial payout and pays back $5,000 per year for 2 years is not a good investment. What would its NPV curve look like? What is its IRR