0222. Calculating Project Cash Flors and SPV Pappy's Potato has come up with a new product, the Potato Pet (they are freezedried to last longer). Pappy's paid S 120,000 for a marketing survey to determine the viability of the product. It is felt that Potato Pet will generate sles of S915,000 per jear. The fried costs associated with this will be 5235,000 per ryear, and wariable costs will a mount to 20 percent of sales. The equipment neeessary for production of the Potato Pet will cost 5890,000 and will be depreciated in a straightt-tine manner for the four years of the product life (as with all fads, it is fell the sales will end quickly). This is the only initial cos for the production. The tax rate is 23 percent and the required return is 13 percent. Calculate the payback period, NPV, and IRR