Assume ABC Company has chosen to invest in new manufacturingequipment. The initial cost of the equipment is $1,200,000. Theequipment has a useful life of 20 years. The company usesstraight-line depreciation. Their tax rate is 30%. Their weightedaverage cost of capital is 10%. The new equipment is expected toincrease net cash flows by $500,000 in year 1, $350,000 in years 2through 4, and $100,000 in years 5 through 10. Using all fourinvestment assessment methods (IRR, ARR, NPV, or payback), performthe calculations for this project. Based on just ONE of your calculations should the project be accepted or rejected? Critique the results of the other three calculations you completed. Do they all support your accept/reject decision? Which assessment method is the best?