investments of this nature. Reference y Reference Reference Managentent uses a 12\% hurdle fate on irvetrefents of this nateo. (Ciok the ioon lis view the poisent value annuty lable) (Cick ithe icon to view the present value table) (Cick the ican tis wirw the ficere vatue achuty tablit) (Click the icon is view the Alture vilue labis) Road the reculcements in the tables.) (Round the phepbock genod ts one docmal pluce) The payback perod (a yean) is Requirements 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.) 2. Recommend whether the company should invest in this project