follows: Sales $3,000,000 Less: Variable expenses 1,800,000 Contribution margin 1,200,000 Less: Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation $700,000 200,000 Total fixed expenses 900,000 Net income The company's discount rate is 18%. Required: 1. Compute the net annual cash inflow from the project. 2. Compute the project's net present value. Is the project acceptable? 3. Compute the project's payback period. If the company requires a maximum payback of three years, is the project acceptable? 4. Compute the project's simple rate of return