3.You are the CEO of Cardinal Company (a small handheld technology firm) and have just been briefed on a promising new product with projected cash flows detailed below.Discuss your assessment of this project's viability and profitability.Explain the principles of evaluating cash inflows and outflows. Calculate payback period, total return on investment, internal rate of return, and net present value.State any assumptions (i.e. discount rate).Explain your reasoning behind those assumptions. (10 Points)