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An investment costs $ 1 , 7 0 0 at time 0 . In year 1 , the project will generate $ 3 0 0

An investment costs $1,700 at time 0. In year 1, the project will generate $300. In year 2, it will generate $750. Then, the project will generate $500 per year for three straight years. In the following year, the project is expected to be shut down and sold for a net total profit (loss) of $550.
If the hurdle rate for this project (based upon risk assessment) is 13%, what is the NPV of the project? *** Round to whole number. What is the payback (measured in years)?

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