Calculate Payback period - discounted payback period - breakeven point - profitability index, - average accounting return and explain what it means in terms of this project, how it will influence your decision.

The project under consideration costs $7,000,000, has a 5 (five) years life, and has no salvage value. Depreciation is straight-line to zero. The required return is 17%. Sales are projected at 1,500 students/year. Tuition Fees per student will be $5,500. Variable cost per student will be $2,500, and fixed costs are $1,500,000 per year. Tax rate is 30%. Ignore CCA. Suppose you think that the number of students is accurate to within 15%.