FutureRetail Ltd. plans to open a new store requiring an investment of $700,000 with a useful life of 8 years and no salvage value. The investment will be depreciated using the straight-line method. It requires $60,000 in working capital, recoverable at the end of year 8. The required rate of return is 9%.

Cash Flows:

Year	Cash Flow
1	$100,000
2	$120,000
3	$140,000
4	$160,000
5	$180,000
6	$200,000
7	$220,000
8	$240,000

Requirements:

1. Calculate the Payback Period.
2. Determine the NPV.
3. Compute the IRR.
4. Calculate the MIRR.
5. Decide on the investment based on NPV and MIRR.