BETTER MOUSETRAPS HAS DEVELOPED A NEW TRAP. IT CAN GO INTO PRODUCTION FOR AN INITIAL INVESTMENT IN EQUIPMENT OF 6 MILLION. THE EQUIPMENT WILL BE DEPRECIATED STRAIGHT-LINE OVER 6 YEARS TO A VALUE OF ZERO, BUT, IN FACT, IT CAN BE SOLD AFTER 6 YEARS FOR $500,000. THE FIRM BELIEVES THAT WORKING CAPITAL AT EACH DATE MUST BE MAINTAINED AT A LEVEL OF 10% OF NEXT YEAR'S FORECAST SALES. THE FIRM ESTIMATES PRODUCTION COST EQUAL TO $1.50 PER TRAP AND BELIEVES THAT THE TRAPS CAN BE SOLD FOR $4 EACH. SALES FORECASTS ARE YEAR 1 0.5, YEAR 2 0.6, YEAR 3 1.0, YEAR 4 1.0, YEAR 5 0.6, YEAR 6 0.2 AND THEREAFTER 0. THE PROJECT WILL COME TO AN END IN 5 YEARS WHEN THE TRAP BECOMES TECHNOLOGICALLY OBSOLETE. THE FIRM'S TAX BRACKET IS 35%, AND THE REQUIRED RATE OF RETURN ON THE PROJECT IS 12%. WHAT IS THE PROJECT NPV? WHAT IS THE IRR? WHAT IS PAYBACK IN YEARS?