$1)$

Calculate the NPV of a project with a discount rate of $8\%$ and these cash flows:

Period $0$: $-1000$

Period $1$: $718$

Period $2$: $313$

Period $3$: $215$

Round to the nearest cent.

$2)$

Calculate the payback period of a project with these cash flows:

Period $0$: $-1000$

Period $1$: $714$

Period $2$: $441$

Period $3$: $250$

Enter your answer in years and round to the nearest one$-$hundredth of a year.

$3)$

Machinery costs $$1$ million today and $$100,000$ per year to operate. It lasts for $16$ years. What is the equivalent annual annuity if the discount rate is $9\%?$

Enter your answer in dollars and round to the nearest cent $($one$-$hundredth$).$ Do not include the dollar sign $($$$).$ Do remember to include the negative sign!