please answer all 4 parts

D Question 17 3 pts (Essay/Long Answer question - Chapter 5) Use the following information to answer questions 17 to 23. For all questions credit will only be given if you provide numerical support for your decision You are the CFO of XYZ Co that prints textbook using an outdated system. The owner provides you with the following information about a new super modification project Alpha' that will last for 4 years. The project requires a new machine that costs $900,000 today. The cash flows from the project are $0 in year 1, $406,400 in year 2, $412,000 in year 3, and $450,400 in year 4. The required rate of return is 10 percent. What is the Payback period for the project? Will you accept the project if the benchmark Payback Period is 3 years 1 months? What is the Discounted Payback Period for the project? Will you accept the project if the benchmark Discounted Payback Period is 3 years 8 months? What is the NPV of the project? Which you accept the project? What is the PL(Prohtability Index ratio for the project? Will you accept the project based on the PI ratio