Problem:
Acme, Inc. is considering a four-year project that has an initial investment or cost of $70,000. The subsequent after-tax cash flows are $40,000, $30,000, $30,000 and $30,000 for years 1 through 4. Acme's required rate of return is 10%.
Required:
Question: What are Acme's payback, IRR, and NPV for this project?
Note: Explain the solution in detail.