Complete problems: NPV, IRR, MIRR, Profitability Index, Payback, Discounted Payback A project has an initial cost of $60,000, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of 12%. Show your work. f. What is the project's discounted payback period? Answer: The project's discounted payback period would be less than 8years. Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year Year 8 Discounted Cash Flow Net 60,000 8,928.57 -51,071.43 -51,071.43 7,971.80 -43,099.63 -43,099.63 7,117.80 -35,981.83 335,981.83 6,355.18 -29,626.65 -29,626.65 5,674.27 -23,952.38 -23,952.38 5,066.31 18,886.07 -18,886.07 4,523.49 14,362.58 14,362.58 4,038.83 10,323.75