The company's required rate of return or weighted average cost
of capital is 8%. After computing Payback period, NPV, PI, and IRR,
state whether you would accept or reject each project. Management's
arbitrarily set payback period is 2.75 years. Project Bart details;
Inital Outlay = $118,736; cash inflows= Year 1 $60,000 Year 2
$50,000 Year 3 $28000. Would project Bart be accepted or
rejected?