Hoffman company is considering a project that would have a five-year life and require a $3,200,000 investment in equipment. At the end of the five years, the project would terminate and the equipment would have no salvage value. The project would provide the following expected forecasts:

Sales $ 5,000,000

Variable expenses $3,000,000

Fixed expenses (including depreciation) $1,600,000

The companys tax rate is 25% and the WACC is 12%

REQUIRED Compute the projects NPV, IRR, payback period, discounted payback period, and profitability index.