Columbus Cabinet Company plans to purchase a new machine in order to increase production for its line of custom kitchen cabinets. If the firm's cost of capital is 11%, what will be the expected Payback Period, Net Present Value (NPV), and Internal Rate of Return(IRR) of the project. Explain whether or not the project should be accepted using each of the evaluation methods. The cash flows from the project are as follows: Year 0 1 2. 3 4 5 Cash Flow ($95,000) $22,500 $22,500 $22,500 $22,500 $40,000