I. Perform a financial analysis for the following project. Assume the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $850,000 in year 0 and $300,000 each year in years 1, 2, and 3. Estimated benefits are $0 in year 0 and $700,000 each year in years 1, 2 and 3. Use a 11 percent discount rate. Fill in the blanks in the following spreadsheet. Calculate and clearly identify the NPV, ROI and year in which pay- back occurs. Please show how you calculated these numbers in as much detail as possible. Please explain whether you would recommend investing in this project and why, based on your financial analysis. [20 points] + Discount Rate 11% Assume the Project is completed in Year 3 0 850,000 Total Year 2 300,000 1 300,000 3 300,000 Costs Discount Factor Discounted Costs Benefits 0 700,000 700,000 700,000 Discount Factor Discounted Benefit Discounted Benefits - Discounted Costs Cumulative Benefits - Cumulative Costs NPV: ROI: Payback Year: Investment Decision