Low-Tech Ltd anticipates that a new product line will involve cash investment of $500,000 at time 0 and $1.0 million in year 1. After-tax cash inflows of $200,000 are expected in year 2, $250,000 in year 3, $300,000 in year 4, and $350,000 each year thereafter through year 6.

Requirements:

(i) If the rate of return is 12%, what is the NPV of the project? Is it acceptable?

(ii) What is its internal rate of return?

(iii) What would be the case if the required rate of return was 10 percent?

(iv) What is the projects payback period?

please answer all thank you,