1) Determine the net present value of the investment.

2) calculate the internal rate of return of the investment to the nearest 1/2 percent.

3) Calculate the payback period of the investment.

4) Calculate the accounting rate of return.

Harry's Seafoodis considering the addition of a fish hatchery. Construction of the facility is estimated to cost $1,100,000 and will be depreciated over 10 years using the straight-line method. The hatchery is expected to have no estimated residual value. Harry's Seafood has a required rate of return of 12%. Incremental net income related to each year of the investment is as follows