Investment in technology upgrade. Show me your solutions.

Case: Investment in a Technology Upgrade Project XYZ Corporation is a tech company looking to invest in a technology upgrade project. The project aims to enhance the company's IT infrastructure and software systems. The total cost of the project is $6 million, but the investment will be spread over two years. The following data is available for analysis: Start of Year 1: 3 million investment Start of Year 2: 3 million investment Estimated annual cash inflows: Year 1: 1.5 million Year 2: 2 million Year 3: 2.5 million Year 4: 3 million Year 5: 3.5 million The company's cost of capital is 8%. The company's tax rate is 25%. Instructions: - Calculate the Net Present Value (NPV) of the technology upgrade project, considering the investment is spread over two years. - Calculate the Internal Rate of Return (IRR) of the technology upgrade project. - Determine the Payback Period for the project. - Determine the Discounted Payback Period for the project - Assess whether the project should be accepted or rejected based on your calculations. Provide a recommendation and explain the rationale