$($NPV$,$PI$,$ and IRR calculations$)$ Fijisawa Inc. is considering a major expansion of its product line and has estimated the following free cash flows associated with such an expansion. The initial outlay would be $$$$1$ comma $950$ comma $000,$ and the project would generate incremental free cash flows of $$$$550$ comma $000$ per year for $5$ years. The appropriate required rate of return is $8$ percent.

a$.$ Calculate the NPV$.$

b$.$ Calculate the PI$.$

c$.$ Calculate the IRR.

d$.$ Should this project be$$ accepted?