Apple is considering a $1,200,000 investment in new technology. The project will depreciate at a rate of 20% annually, leaving book values of $960,000, $720,000, $480,000, $240,000, and $0 at the end of each year. Expected annual cash flows are $300,000, $350,000, $300,000, $250,000, and $200,000. The profits are projected at $60,000, $110,000, $60,000, $10,000, and $-40,000, resulting in ARR percentages of 5%, 11.46%, 6.25%, 1.04%, and -8.33%. The average profit is $40,000, with an average investment of $600,000, yielding an average ARR of 6.67%. The cumulative cash flows indicate a payback period of 4.8 years. The NPV, discounted at 12%, is calculated to be $55,000.

Requirements:

1. Determine the ARR, payback period, and NPV for the investment.
2. Discuss the project's potential financial benefits and drawbacks.

Provide a final recommendation on the investment decision.