IL UUE LU Juvances in technology which will render the low capacity machine 37 valueless only after three years. What is the payback period? 40 05. A project has an initial cost of $7,400. The cash inflows are $950, $2,300, $3,400 and 41 $1,000 over the next three years, respectively. What is the payback period? 46 06. Professional Decorators is considering a project with the following cash flows. What 47 is the IRR of this project? 48 (Hint: Use IRR formula in excel) 50 Year 51 0 52 1 Cash flow ($115,421) 37,200 52,300 49,100 53 2 54 3 Unit 5 Problems Type here to search