112) A capital investment project requires an investment of $50,000 and has an expected life of four years. Annual cash flows at the end of each year are expected to be as follows:
a. Compute the payback period assuming that the cash flows occur evenly throughout the year.
b. Determine the accounting rate of return for the project based on the initial investment.
c. Compute the net present value of the project using a 10% discount rate. (Round amounts to dollars.)