Liz Company is looking to purchase a machine that will increase sales of a new product. The machine will cost $5,000,000; shipping will cost $600,000; installation will cost $450,000, and training the employees how to use the machine will cost $300,000. In addition, working capital will be needed of $600,000, 68% of which will be returned at the end of the 7 year project. Sales of the product produced on the machine are estimated to be 80,000 units in the first year, 95,000 units in the second year, 125,000 units in the third year, 180,000 units in the fourth year, 126,000 units in the fifth year, 75,600 units in the sixth year, and 37,800 units in the seventh year. Sales per unit are estimated to be $60 for the first four years and drop by 30% for the last three years. Fixed costs are estimated variable costs are estimated to be 60% of the selling price for all seven years. to be $450,000 per year for all seven years. The machine will be depreciated under MACRS as a five year asset. At the end of the 7 year project, the machine can be sold for $350,000. Corporate tax rate is 35% and the cost of capital is 11.5%. Calculate Payback period Net Present Value Internal Rate of Return Profitability Index