ABC limited company looking to invest in one of the Project cost that project is $50,000 and cash inflows and outflows o

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ABC limited company looking to invest in one of the Project costthat project is $50,000 and cash inflows and outflows of a projectfor 5 years, as shown in the below table. Calculate ProfitabilityIndex using a 5% discount rate and estimate Internal Rate of Returnof the Project using Discount rates of 8% and 5%.
YEAR cash inflows cash outflows
initial investment $50,000
1 $20,000 $5,000
2 $14,000 $2,000
3 $12,000 $2,000
4 $12,000 $2,000
5 $15,000 $1,000
interest rate 5.00%
PLEASE SHOW STEP BY STEP CALCULATIONS