Please clearly show Cash Flows, Payback Period, NPV and IRR computed and the decisions suggested ...

HY Annual Expected Sales Annual operating costs R&D costs for past four years Cost of Equipment Equipment Dep Rate at WDV Scrap value of equipment after 7 years * Marginal Tax Rate Hurdle Rate 5,00,000 3,00,000 10,00,000 15,00,000 35% 4,00,000 40% 10% Compute: 1) Net Incremental Cash Flows for the project 2) Compute Payback period, NPV and IRR of the project