A company is considering a proposal to invest $30,000 in a project that would provide the following net cash flows:

Year 1	$6,500
Year 2	$10,700
Year 3	$15,000
Year 4	$12,800

1) What is the project's payback period? 2) Compute the net present value of the project assuming a 10% discount rate with the following factors: PV factors for $1(yr 1: 0.9091; yr 2: 0.8264; yr 3:0 .7513; yr 4: 0.6830) 3) Should the company invest in the machine? Explain.

Please include all work to show how you came up with the solutions so I can better understand the actual way the answer was derived, thanks!