Majestic of the Seas Limited is considering adding a new ship to its fleet that can accommodate 3500 passengers given the new social distancing recommendations from the CDC. The quotation from Able Tran Limited is $27,500,000. The company projected the following cash flows for the ship over a four-year period: Year Able Tran Ltd 7 000 000 2 5 500 000 3 8 750 000 4 12 500 000 Note: The company has estimated an inflation rate of 5% each year and a discounted factor of 9%. A. Calculate the payback period for the ship using the nominal cash flow and real cash flow methods. B. Calculate the NPV for each ship using the real cash flow method. C. Determine the profitability index of the ship