$-$ Initial investment $=$ $ $3,905,000$

$-$ Expense $=$ $$5,580,000($first year$)$

$-$ Income $=$ $$6,480,000($first year$)$

develop a forecasted $10$ years$-$ cash flow in excel in order to find

$-$ payback period

$-$ NPV

Use a minimum expected return rate $10\%,$ inflation rate $3\%,$ and tax rate $20\%.$Give comments on your analysis result and recommendation on this investment