Please answer the following questions. Please write all your work. You will be graded on your process, NOT on achieving the correct answer.

You are given the following series of cash flows and net incomes for a project. The project is being planned to be abandoned in early 2029. Your firm has a cost of capital of 13% and a Payback Rule of 3 years.

Year	2023 (today)	2024	2025	2026	2027	2028	2029
Net Income:		150	170	185	200	210	0
Free Cash Flow:	-800	200	210	220	220	250	0

What is the payback period? Based on this decision rule, should you do the project?

What is the discounted payback period? Based on this decision rule, should you do the project?

What is the NPV? Based on this decision rule, should you do the project?

What is the IRR? Based on this decision rule, should you do the project?

What is the profitability index? Based on this decision rule, should you do the project?

Should you approve the project? What decision rule are you using to make your final decision?