I have good news for you, your grandmother saved $$1,000,000$ for you. She will be very happy if you use this capital in a good investment:Invest your money in an efficient industrial or commercial business, and explain what you will do $($your project$).$ Let me known about your group member and the project you chose during class next week.Here is the summary of the Project: $-$The initial investment is $$1,000,000($PV$),-$ a discount factor of $10\%,-$The economic life of the investment is $5$ years, $-$estimate the cash flows to be obtained obtained from the project year by years, multiply by the discount factor subtract the initial investment from the total of the discounted cash flows, and determine whether the net present value is positive or not, calculate the IRR and payback period.