Google LLC is considering a new project that involves significant capital investment. The following information is provided:

• Initial Investment: $2,000,000
• Annual Cash Flows: $500,000 for 6 years
• Discount Rate: 8%

Required:

1. Calculate the Net Present Value (NPV) of the project.
2. Determine the Internal Rate of Return (IRR).
3. Compute the Payback Period.
4. Assess the profitability of the project and provide a recommendation.