Page 3 Cash Flow Intuition A project has an initial cost of C, a required return of R, and pays Pannually for N years: a) Find P in terms of C and N such that the project has a payback period just equal to its life. b) Find P in terms of C, N, and R such that this is a profitable project according to the NPV decision rule C) Find Pin terms of C, N, and R such that the project has a benefit-cost ratio of 2.00. Inpur area: Initial cost Required return Pays # of years Output area