Petra Petroleum Inc. is trying to evaluate a generation project with the following cash flows: Year Cashflow 0 -$300,000,000 1 $65,000,000 2 $87,000,000 3 -$50,000,000 4 $148,000,000 5 $275,000,000 6 -$150,000,000 7 $70,000,000 8 $73,000,000 Construct a spreadsheet and calculate the following (the required rate of return is 11%): Payback period Discounted payback period Internal rate of return (IRR) Modified IRR The discounting approach The reinvestment approach The combination approach Net present value (NPV) Based on your analysis, should the company take the project? Why?