Final answer:
the Net Present Value (NPV) of the project, find the present value of each cash flow and subtract the initial investment. Use the NPV formula to calculate the Internal Rate of Return (IRR). Divide the initial investment by the annual cash flows to calculate the payback period.
Step-by-step explanation:
To calculate the Net Present Value (NPV) of the project, you will need to find the present value of each cash flow from the project and subtract the initial investment. Then, you sum up all the present values to get the NPV. The IRR is the discount rate that makes the NPV equal to zero. You can use the NPV formula to calculate the IRR. To calculate the payback period, you divide the initial investment by the annual cash flows until the initial investment is recovered.