Problem #02 A capital investment project requires an investment of $450,000. It has an expe of six years with an annual cash flow of $90,000 received at the end of each yea company uses the straight-line method of depreciation with no mid-year conve Ignore income taxes. Required: 1. Compute payback for the project. 2. Compute the net present value of the project using a 12 percent discount ra 3. Would you recommend this project be accepted? Why or why not