HBMSU is considering a project with a 10-year life span that would require a $3,000,000 investment in green energy solutions. At the end of 10 years, the project would have a salvage value of $100,000. The project would provide net operating income each year as follows: Sales 4,000,000 Variable costs Contribution 2,200,000 1,800,000 Depreciation 300,000 Other fixed costs 1,000,000 1,300,000 Net Operating Income $500,000 The University's required rate of return is 12% Required: 1. Compute the project's NPV (5 marks) 2. Compute the project's IRR to the nearest whole percent. (3 marks) 3. Compute the project's Payback Period (2 marks)