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Please solve on excel using finance formulas and formula text so we know which formula was used 1) Mega Tool Company is evaluating the purchase

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Please solve on excel using finance formulas and formula text so we know which formula was used

1) Mega Tool Company is evaluating the purchase of new equipment. The equipment cost $3000,000 and is expected to generate cash flows of $120,000 in year 1, $208,000 in year 2, $357,000 in year three and $68,000 in year 4. Assuming a 7% discount rate/hurdle rate calculate the net present value of the project, the internal rate of return of the project and the payback period of the project. Based on your calculations should the project be accepted or rejected? State why

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