Aragon Company is considering an investment in equipment that will have an initial cost of $$560,290$ and yield annual net cash inflows of $$90,000.$ Yearly depreciation will be $$56,000.$ The equipment is expected to be useful for $10$ years and then it will be scrapped. Aragon requires a minimum rate of return of $10$ percent.

What is the payback period? Round answer to one decimal place.

$\frac{560,290}{90000}=6\mathrm{.}2$ years

What is the accounting rate of return? Round percentage to two decimal places.

What is the net present value?

What is the discount factor? Round discount factor to five decimal places.

What is the IRR?

Would you recommend pursuing this capital investment? Why or why not?