Assume the business is ready to invest in a project that will cost $10,000,000. The new project will generate incremental cash flows equal to 10% of the 2020 sales amount in the first year, 15% of the 2020 sales amount in the second year, and 20% of the 2020 sales amount in the third year. Calculate your companys payback period, internal rate of return, and the net present value of the project if the cost of capital is 12%. Briefly interpret.

Total sales for 2020 are $137,365 Billion

Please show work

Cost and Cash Flow Cost $10,000,000

Year 1 10% of 2020 Sales

Year 2 15% of 2020 Sales

Year 3 20% of 2020 Sales

Payback

IRR

NPV