1.Given the following capital project data:

Cost of automation system (invoice):$730,000

Transportation and installation:$140,000

Training:$100,000

Firm's WACC:9%

Firm's tax rate:35%

Depreciation 5 years, straight line

Life of project:3 years

Salvage value:$385,000

Annual cost savings (net):$105,000

Increased annual sales (net):$200,000

Calculate (1) the payback, (2) the discounted payback, (3) the NPV, (4) the IRR, (5) the MIRR, and (6) your recommendation on the project.