Old Dominion is considering adding a new type of wind tamer to its trailers, which will save the company in fuel costs each year and the required rate of return is 8%.
The expected life of the units are 5 years and the expected cash flows for each unit are as follows:
-$15,000, $3,000, $3,500, $4,000, $4500, $5,000
Calculate the project's NPV, IRR, MIRR and Payback