Please show work

Chapters 7 & 8 1. A project has an initial cost of $45,000. The incremental inflows associated with the project are $20,000 in year 1, $15,000 in year 2, $10,000 in year 3 and $8,000 in year 4. All cash inflows are at the end of the year. The appropriate discount rate for this project is 8.0% 2. What is the project's payback period? 5.00 Years 3.00 Years 8.00 Years 7.00 Years 3. What is the project's discounted payback period? 2.87 Years 3.97 Years 10.25 Years 6.75 Years . What is the project's net present value? $197.16 $278.96 NDUO $345.21 $225.35 5. What is the project's internal rate of return? Calculate to two decimal places. 3.52% 8.23% 5.35% 2.75% 6. What is the project's modified internal rate of return? Calculate to two decimal places. 3.52% 7.60% 5.35% 8.12%