The Pubg Corporation is considering an investment that will cost $80,000 and have a useful life of 4 years. During the first 2 years, the net incremental after-tax cash flows are $27,000 per year and for the last two years they are $22,000 per year. Find the following for this project if the appropriate discount rate is 12%.
(1) NPV
(2) IRR
(1) Payback period