Consider a project costing $2,000,000 today and delivering net free cash flows of $525,000, 228,000, 800,000, 850,000 over the next 4 years (starting next year). The cost of capital of the firm is 6.% and its management usually wants to recuperate its investment within 3 years. As an independent financial consultant, advise the company on 

1) which investment selection method it should best apply, 

2) the result of the computation and 

3) whether yes or no the investment should be launched.