Problem:
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%.
Requirement:
Question 1: What is the project's NPV?
Question 2: What is the project's IRR?
Question 3: What is the project's MIRR?
Question 4: What is the project's PI?
Question 5: What is the project's payback period?
Question 6: What is the project's discounted payback period?
Note: Please provide through step by step calculations.