Answer the following question:

Marin is considering introducing a new fad toy, Topico. The new product is expected to generate annual revenue of $$523,000,$ with direct materials cost of $$183,000,$ direct labour $$156,000,$ and overhead cost of $$105,000.$ In order to produce Topico, Marin will need to purchase new equipment costing $$299,000.$ The equipment will be used for $5$ years, as Marin expects that interest in the toy will be stopped by then. The equipment will have no residual value after $5$ years. To insure a smooth operation, Marin expects that the project will increase working capital by $$6,000$ at the beginning, which will be recovered at the end of the five years. In addition, it will cost Marin $$6,000$ to remove the equipment and clean up the facility. Marin $\text{'}$s policy is to accept investment projects that have a $3-$year payback period. Marin $\text{'}$s required rate of return is $8\%.$ ANSWER USING EXCEL FUNTIONS DO NOT USE TABLES! MAKE SURE THE CALCULATION IS ACTUALLY CORRECT WHEN INPUTTING IN EXCEL. SHOW THE EXCEL SCREENSHOT AS WELL OF THE CALCULATION.

A$.$ What is the payback period for this investment? Answer: $3\mathrm{.}94$ years

B$.$ What is the net present value for this investment? Answer: $4423\mathrm{.}3$

C$.$ What is the internal rate of return for this investment? Answer: $8\mathrm{.}5437\%$

D$.$ What is the accrual accounting rate of return? Answer: $12\mathrm{.}84\%$

E$.$ Should Marin proceed with this project? Please support your recommendation based on your calculations.