NO EXCEL $11-24.($Calculating the payback period, NPV$,$ PI$,$ and IRR$)$ Rayyan Industries is considering a project with an initial cash outlay of $120,000$ expected cash flows of $30,000$ at the end of each year for seven years. The discount rate for this project is $12$ percent.

$*$What are the project's payback and discounted payback periods?

$*$What is the project's NPV$?$

$*$What is the project's PI$?$

$*$What is the project's IRR?