II. A firm is evaluating a capital investment project with the following initial investments and net cash inflows. Project Initial Investment $ 1,200,000 Cash flows Year 1 $500,000 Year 2 400,000 Year 3 200,000 Year 4 200,000 Year 5 200,000 The company's cost of capital is 12%. (1) How long is the payback period of the project? Explain it. (2) Calculate the Net Present Value (NPV) of the project. Explain it (3) Calculate the Internal Rate of Return (IRR) of the project. Explain it. (4) Should the company accept the project? Why? (10 points)