6. Cirice Corp. is considering opening a branch in another state. The operating cash flow will be $154,200 a year. The project will require new equipment costing $601,000 that would be depreciated on a straight-line basis to zero over the 6-year life of the project. The equipment will have a market value of $183,000 at the end of the project. The project requires an initial investment of $42,500 in net working capital, which will be recovered at the end of the project. The tax rate is 40 percent. The required rate of return for the project is 12%. What is the project's Payback period, NPV IRR, and PI? What is your decision and why?