Consider Company X is considering a Capital Budgeting Project. The projected after$-$tax cash flows are as follows:CF$0=-$$$600,000$CF$1=$ $$150,000$CF$2=$ $$200,000$CF$3=$ $$300,000$CF$4=$ $$150,000$The project has a Critical Acceptance Level $($T$)$ of $2\mathrm{.}5$ years and a required return of $10\%.$ For the calculations in parts $1-3,$ you must show your work in order to be eligible for credit. This implies showing me the steps you are entering into your calculator$\mathrm{.}1.$ Calculate the Payback Period and state, based solely on the PP$,$ whether or not we should accept the project and why. In addition, identify one potential flaw with the PP$\mathrm{.}2.$ Calculate the Internal Rate of Return and state, based solely on the IRR, whether or not we should accept the project and why. In addition, identify one potential flaw with the IRR and state whether or not this flaw is relevant when evaluating a single project in isolation$\mathrm{.}3.$ Calculate the Net Present Value and state, based solely on the NPV$,$ whether or not we should accept the project and why$\mathrm{.}4.$ Based on your answers to $1-3,$ state whether or not you would recommend to your supervisor that they accept or reject this project and justify your answer.