Assume that it costs $1000 to start a project. If the project will give $400 profit in the first year, $500 in the second year and $300 in the third year. Find the pay back period. Now assume that the...

Assume that it costs $1000 to start a project. If the project will give $400 profit in the first year, $500 in the second year and $300 in the third year. Find the pay back period.

Now assume that the interest rate is 10%, find the net present value (NPV) and the profitability index (PI) for this project