^{You are considering a project with an initial cash outlay of $90,000 and expected free cash flows of $15,500 at the end of each year for 6 years. The required rate of return for this project is 11.5 percent.}

^{a. What is the payback period of the project?}

^{b. What is the projects NPV?}

^{c. What is the projects IRR}

^{d. If your firm has a required payback of 4 years and passing the IRR and NPV, would you accept this project?}