1. Use the information in the table below for the following 5 questions.

   A capital investment project is estimated to have the following after-tax cash flows, by year:

   0	1	2	3	4
   -$60,000	$20,000	$22,500	$17,500	$25,000

   The company utilizes a discount rate of 15% to evaluate capital projects. You may have rounding errors in your calculations so choose the closest answer. Assume cash flows are received equally over the year.

   The NET PRESENT VALUE for the project shown above is:

   		-$4,789.25
   		-$1,150.33
   		$0.00
   		$204.90
   		$1183.65

QUESTION 8

1. The INTERNAL RATE OF RETURN for the project shown above is:

   		3.92%
   		13.25
   		15.17%
   		21.22%
   		No IRR

QUESTION 9

1. The PROFITABILITY INDEX for the project shown above is:

   		0.661
   		0.940
   		1.003
   		2.334
   		0.786

QUESTION 10

1. The PAYBACK for the project shown above is:

   		2.16
   		3.66
   		3.15
   		3.00
   		Does not pay back

QUESTION 11

1. The DISCOUNTED PAYBACK for the project shown above is:

   		2.27
   		4.86
   		3.66
   		3.99
   		Does not pay back