Harry's Seafood is considering the addition of a fish hatchery. Construction of the facility is estimated to cost $1,100,000 and will be depreciated over 10 years using the straight-line method. The hatchery is expected to have no estimated residual value. Harry's Seafood has a required rate of return of 12%. Incremental net income related to each year of the investment is as follows: Revenue $450,000 Expenses: Material cost $ 60.000 Labor 100,000 Depreciation 110,000 Other 10 000 280 000 Income before taxes 170,000 Income tax expense at 40% 68 000 Net income $102,000 a. Determine the net present value of the investment. Should Harry's Seafood invest in the hatchery? b. Calculate the internal rate of return of the investment to the nearest 12% percent. c. Calculate the payback period of the investment