New info Comperation is a rapidly growing blofech company that has a requieed rate of return of 12%. It plans to build a new facilfy in Haifax, NS. The building will take two years to cornplete. The builing contractor offered New info a choice of three payment plans, as follows i) (Click the voon to view the data.) More info Plan Payenert of $350,000 at the time of signing the contract and $4,800,000 upon completion of 1 the bulting. The end of the second year is the completion dante. Pan Paymem of $1,725,000 at the time of signing the contract and $1,725,000 at the end of each II of the two succeeding yeare Pian Payment of $375,000 at the tire of sigring the contract and $1,675,000 at the and of each of III the thrse succoeding years. Required 1. Using the NPV method, calculate the comparative cost of each of the three payment plans being considered by the company. 2. Which payment plan should the company choose? Explain. 3. Discuss the financial factors other than the cost of the plan and the nonfinancial factors that should be considered in selecting an appropriate payment plan