$($i$).$ Consider a ten$-$year project that costs $$4,000,000$ today, which is expected to generate $$600,000$ at the end of the second year and then the cash flows will increase by $$100,000$ for three years and then stagnate for the rest of the project life. The cost of capital is $8$ percent. What is the project$$s NPV$?$ What is the discounted payback period? $(5$ marks$)$