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A company is considering to buy a major project worth $ 2 2 million. It is a five - year project. The sales and cost

A company is considering to buy a major project worth $22 million. It is a five-year project. The sales and cost data are provided here: Year 1 Sales (Units)180,000290,0003100,0004110,000590,000 Price per unit = $400 Variable cost per unit = $200 Fixed costs per year = $800,000 Depreciation/CCA per year = $40,000 Tax rate =30% Discount rate =10% REQUIRED: Use the following template show how to calculate Payback period

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