Question: PLEASE READ FULL QUESTION PARTICULARLY THE DISCLOSURE AT THE END Smith Enterprises has a project with the following cash flows: Year Project Cash Flow 0

PLEASE READ FULL QUESTION PARTICULARLY THE DISCLOSURE AT THE END

Smith Enterprises has a project with the following cash flows:

Year Project Cash Flow
0 -100,000
1 30,000
2 40,000
3 50,000
4 20,000

The discount rate is 10%. What are the projects: (1) payback, (2) NPV, (3) IRR and (4) MIRR? Additionally, should the project be accepted, and why/why not?

PLEASE SOLVE THIS WITHOUT EXCEL, AS I NEED TO LEARN HOW TO SOLVE THIS ON PAPER WITH A FINANCIAL CALCULATOR.

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