I need help solving requirement one and computing the payback period, the ARR, the NPV and the approximate IRR of this investment. Please help

P12-57A (similar to) E Question Help Water World is considering purchasing a water park in Newark, New Jersey, for $1,950,000. The new facility will generate annual nef cash inflows of $495,000 for eight years Engineers estimate that the facility will remain useful for eight years and have no residual value. The company uses straight-line depreciation its owners want payback in less than five years and an ARR of 12% or more Management uses a 14% hurdle rate on investments of this nature (Click the icon to view the present value annuity table.) (Click the icon to view the present value table) (Click the icon to view the future value annuity table) (Click the icon to view the future value table.) bir to Read the requirements Requirement 1. Compute the payback period, the ARR, the NPV, and the approximate IRR of this investment. (If you use the tables to compute the IRR, answer with the closest interest rate shown in the tables.) (Round the payback period to one decimal place.) The payback period is L years. Enter any number in the edit fields and then click Check Answer A parts 4 remaining Clear All Check Answer Reference Periods 1 0 8 7 Present Value of Annuity of $1 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% .990 0.980 0.971 0.9620.952 0.943 0.926 0.9090.893 0.877 0.862 0.847 1.970 1.942 1.913 1.886 1.859 1.833 1.783 1.736 1.690 1.647 1.605 1.566 2.9412.884 2.829 2.775 2.723 2.673 2.577 2.487 2.402 2322 2.246 2.174 3.902 3.808 3.717 3.630 3.546 3.465 3.312 3.170 3.037 2.914 2.798 2.690 4.853 4.713 4.580 4.452 4.329 4.212 3.993 3.791 3.605 3.433 3.2743.127 5.795 5.601 5.417 5.2425.076 4.917 4.623 4.355 4.111 3.889 3.685 3.498 6.728 6.472 6.230 6.0025.786 5.5825.206 4.868 4.564 4.288 4.039 3.812 .652 7.325 7.020 6.733 6.463 6.210 5.747 5.335 4.9684.639 4.344 4.078 8.566 8.162 7.786 7.435 7.108 6.802 6.247 5.7595.328 4.9464.607 4 303 9.4718.983 8.530 8.111 77227.360 6.710 6.145 5.6505.216 4.833 4.494 103689.7879.253 8.760 8.306 7.887 7.139 6.495 5.938 5.453 5.029 4.656 11.255 10.575 9.954 9.3858.8638.384 7.536 6.814 6.194 5.660 5.197 4.793 12.134 11.348 10.6359.986 9.394 8.853 7.904 7.103 6.424 5.842 5.3424.910 13.004 12.106 11.296 10.563 9.8999 295 8.244 7.367 6.628 6.002 5.468 5.008 13 865 12.849 11.938 11.118 10.380 9.712 8.559 7.606 6.811 6.142 5.575 5.092 18.046 16.351 14.877 13.590 12.462 11.470 9.818 8.514 7.469 6.623 5.9295.353 22.023 19.523 17.41315.622 14.094 12.783 10.675 9.077 7.843 6.873 6.097 5.467 25.808 22 396 19.600 17.292 15.372 13.765 11.258 9.427 8.055 7.003 6.177 5.517 32 835 27.355 23.115 19.793 17.159 15.048 11.925 9.77982447 105 6233 5.548 20% 0.833 1.528 2.106 2.589 2.991 3.326 3.605 3.837 4.031 4.192 4.327 4.439 4.533 4.611 4.675 4.870 4.948 4.979 4.997 40 Print Done Reference Periods 3.091 3.246 10% 1.000 2.180 3572 5215 7.154 9.442 Future Value of Annuity of $1 1% 2% 3% 8% 10% 12% 14% 16% 1.000 1.000 1.000 1.000 1000 1 000 1.000 1000 1.000 1.000 1 000 2010 2020 2030 2.050 2060 2080 2.100 2.120 2.140 2.160 3.030 3.060 3.153 3.184 3.310 3.374 3.440 3505 4.060 4.122 4.184 4.310 4.375 4.506 4641 4.779 4.921 5066 5.101 5204 5,309 6.416 5.526 5.637 5,867 6.105 6353 16.610 6877 6.152 6,308 6.468 6.633 6.802 6.9757 .336 7.716 8.115 8536 8.977 7214 7434 7.662 7898 8.142 8.394 8.923 9.487 10.089 10.730 11.414 8.286 8,583 8892 9.214 9.549 9.897 10.637 11.436 12.300 13 233 14.240 9.369 9.755 10.159 10583 11.027 11.491 12.488 13.579 14.776 16.085 17 519 10.462 10.950 11.464 12.008 12.578 13.181 14.487 15.937 1 7549 1 9.337 21.321 11.567 12 169 12 808 1 3486 14.207 14.972 16 645 18.531 20.655 23.045 25.733 12683 13.412 14.192 1 5 026 15.917 16.870 18.977 21.384 24 133 27.271 30.850 13.309 14.680 15.61816.62717 71318.882 21.495 24523280203208936.786 14 94715.97417 096 18 29219.599 21.015 24 215 279753239337581 43.672 16.097 1 7 293 18 590 20.024 21.579 23 278 27.1523177237 28043.842 51.660 20% 1.000 2 200 3.640 5368 7.442 9.930 12.916 16.499 20.799 25.959 32.150 39.581 48.497 59.196 72035 15.327 19.086 23.521 28.755 34.931 42219 50.818 60 965 $803 28 243 32030 34785 40.588 48.88680.402 35 459 47 575 75401 41.646 47727 54 865 56 08566.43979 058 95026120.800 154.762 73.106 98.347 133 334 181 871 249 214342 603 471 981 113 283 164.494 241333356787 530312 790.948 1.181882 259 057442 5037670911342025 2.360.757 4,163 213 7343 858 ints mpy rate the IRR, dis Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 8% 10% 12% 14% 16% 18% 20% 0.990 0.980 0,971 0.962 0.952 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 0.980 0.961 0943 0.925 0.907 0.890 0.857 0.826 0.797 0.769 0.743 0.7180.694 0.971 0.942 0.915 0.889 0.864 0.840 0.794 0.751 0.712 0.675 0.641 0.609 0.579 0.961 0.924 0.888 0,855 0.8230.7920.735 0.683 0.636 0.592 0.552 0.516 0.482 5 0.951 0 906 08630 822 0.784 0.747 0.681 0.621 0.587 0.519 0.476 0.437 6 0.942 0.888 0.837 0.790 0.746 0705 0.630 0.564 0.507 0.456 0.410 0.370 0.335 0.933 0.87108130 760 0.7110.885 0.583 0.513 0.452 0.4000354 0.314 0.279 8 0.923 0.853 0789 0.731 0.677 0.627 0.540 0.467 0.404 0.351 0.305 0.266 0.233 9 0.914 0 837 07860703 0.645 0.592 0.500 0.424 0.361 0.308 0.263 0.225 0.194 10 0.905 0.82007440676 0.6140558 0.463 0.396 0.322 0.270 0.227 0.191 0.162 0.896 0804 0722 0.650 0.585 0.527 0.429 0 350 0.287 0.237 0.195 0.162 0.135 0 8870788 0.701 0 625 0.557 0.497 0,397 0 3190 2570 208 0.168 0.137 0.112 0.879 0.773 0681 0.601 0.530 0.469 0.368 0.2900 229 0.1820.145 0.116 0.093 0.870 0758 0.661 0.577 0.505 04420340 0.263 0 205 0.160 0.125 0.099 0.078 0 861 0.7430 642 0.565 0.481 0.4170315 0.239 0.183 0.140 0.108 0.0840.065 0 820 0.873 0.554 0.456 0.377 0.312 0.215 0.140 0.104 0.073 0.051 0.037 0.026 0.780 0610 0.478 0.375 0.295 0.233 0.146 0.092 0.059 0.038 0.024 0.016 0.010 0.742 0.552 0.412 0.308 0 231 0.174 0.099 0.057 0.033 0.0200.012 0.007 0.004 0.453 0.30702080.142 0.097 0.046 0.022 0.0110.005 0.003 0.001 0.001 Print Done Reference Periods 10% 1.100 Future Value of $1 6% 85 1.060 1050 1.188 1.250 1262 1360 1124 1210 3% 1030 1061 1.093 1.128 1 159 2% 1 020 1040 1061 1082 1104 1% 1010 1020 1 030 1.041 1051 1052 1072 1,083 1,094 1.105 4% 1.040 1082 1.125 1.170 1217 1205 1316 1331 8% 1.050 1.103 1.158 1216 1278 1340 1.407 NATI 1551 20 12% 1.120 1254 1405 1.574 1702 - 1 126 --- 1.194 1230 1 149 1.172 1105 1210 1.140 1300 1482 1 689 1.925 2.195 2502 2853 3.252 3.707 4 228 4818 5.492 6 251 713 1207 1305 18% 20% 1.200 1 365 1.392 1.440 1.561 1.843 1728 1.811 1.939 2 100 2.288 2.488 2436 2700 2988 2826 3.185 3.583 3278 3.759 4300 3803 4435 5.100 4.411 5234 6.102 5.117 6.176 7430 5016 72 8916 6.836 8.599 10.099 7988 10.147 12.839 9268 11974 15 407 1943127393 38 338 40374 82009 95 396 35 150 143 371 237 378 378 721 750 378 1.469772 19 SE 1116 1 127 1.539 1.001 1 268 1254 1.318 1.138 1149 2720 1.710 6.790 1886 1980 2079 1424 1469 1513 1558 2937 1732 1001 3.172 2012 2.133 2261 2397 3.207 4292 5743 10 296 2101 1212 B% BB 1803 2004 4303 4.087 5.474 964 17 000 2960 93051 2653 3336 4322 7040 2006 3243 6727 10835 11 449 45.259 6.848 10 063 21725 13.743 26.462 50 950 183 884 138 Print Done