Company Y is developing a new product line. The product line will be a new gaming system to compete with XBOX. The product requires an investment of $567,000 for inventory and $22,000 for shipping. The Company has a WACC of 7% and an effective tax rate of 40%. This product is expected to generate the following results:

sales-

year	number of units	price per unit
1	3000	228
2	4365	231
3	4900	240
4	5800	250

costs

The Company has to pay rent of $125,000 each year for its facility (rent), $40,000 for utilities and pays 5% of total revenue in annual bonuses.

What is the NPV, IRR, MIRR and Payback period for the project? Would you do the project or not?