Johnson & Johnson is considering a new project with the following expected cash flows:

9. 
   
   • Initial Investment: $50 million
   • Year 1 Cash Flow: $10 million
   • Year 2 Cash Flow: $15 million
   • Year 3 Cash Flow: $20 million
   • Year 4 Cash Flow: $25 million
   • Year 5 Cash Flow: $30 million
   • Discount Rate: 8%

Requirements:

9. 
   
   7. Calculate the net present value (NPV) of the project.
   8. Determine the internal rate of return (IRR).
   9. Compute the payback period.
   10. Analyze the profitability index.
   11. Make a recommendation on whether Johnson & Johnson should undertake the project.