GHI Company is considering a capital budgeting project that would require a $$3,400,000$ investment in equipment with a useful life of five years and no salvage value.

The Company's discount rate is $16\%.$

Over the next five years, the project would provide additional sales of $$3,000,000$ per year, additional net income of $$500,0\mathrm{.}00$ per year, and additional cashflow of $$1,100,000$ per year.

Required $($Show all calculations$/$working$)$:

A$)$ What is the project's simple rate of return?

B$)$ What is the project's payback period?

C$)$ What is the project's net present value?

D$)$ Should the company pursue this investment opportunity?