You are considering 5-year investment that will require in initial cash outlay of $40,000. The expected inflows in years 1 through 3 are $10,000; then $12,000 in year 4 and $20,000 in year 5. Your cost of capital is 12% per year. Compute the following:

a) What is the present value of all inflows and outflows

b) payback period

c) discounted payback period

d) NPV and IRR

e) Profitability index

Can you please provide the answer and step by step calculations?

Thank you!