Payback period, accounting rate of return, net present value, and internal rate of return are common methods to evaluate capital investment opportunities. Part 1: IN YOUR OWN WORDS - identify the measurement basis and unit that each method offers and to list the advantages and disadvantages of each method. Part 2: Apply the methods to the following problem: Retsa Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $800,000 and will yield the following expected cash flows. Management requires investments to have a payback period of two years, and it requires a 10% return on its investments. Period Cash Flow 1 $450,000 2 400,000 3 350,000 4 300,000 Required 1. Determine the payback period for this investment. (Round the answer to one decimal.) 2. Determine the break-even time for this investment. (Round the answer to one decimal.) 3. Determine the net present value for this investment. 4. Determine the internal rate of return for this investment. 5. Should management invest in this project? Support your answer and explain.