For each question, calculate each project's payback period and discounted payback period. Using Excel's financial functions, calculate each project's net present value, and internal rate of return.

1. A facility upgrade for women's softball has a cost of $65,125, expected net cash inflows are $9,000 per year for 20 years, and a cost of capital of 11%. The project has a useful life of 20 years but your organization does not have a maximum payback period.

E.) Should the facility upgrade be accepted? Why or why not? Please Explain