1. A technology company evaluates a new project with an initial investment of $1,000,000, expected cash flows: Year 1 $300,000, Year 2 $400,000, Year 3 $500,000, discount rate 10%.
   • Requirements:
     • Calculate the net present value (NPV) and internal rate of return (IRR) of the project.
     • Perform a sensitivity analysis on cash flows and discount rate.
     • Determine the payback period and accounting rate of return.
     • Recommend whether to accept or reject the project based on financial analysis.
     • Discuss the risk factors influencing capital budgeting decisions for the technology project.