Question: Use the following information to answer question # 20 # 22. Three-year project with Initial investment: $1,000 The 1st year cash flow: $600 Interest rate:

 Use the following information to answer question # 20 # 22.

Use the following information to answer question # 20 # 22. Three-year project with Initial investment: $1,000 The 1st year cash flow: $600 Interest rate: 3% The 2nd year cash flow: $1,200 20. Which of the followings is NPV of this two-year project? 21. What is the payback period for this project? 22. The profitability index (PI) will be approximately calculated as

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