1. Fijisawa Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion, the initial outlay would be $1,900,000 and the project would generate cash flows of $450,000 per year for six years, the appropriate discount rate is 9%.

   1. Calculate the net present value.

   2. Calculate the profitability index.

   3. Calculate the internal rate of return.

   4. Should this project be accepted? Why or why not?