Procter & Gamble is analyzing a $3,000,000 capital investment with the following data:

• Initial Investment: $3,000,000
• Depreciation @ 15%: $450,000/year
• Book Value at Year-End: $2,550,000, $2,100,000, $1,650,000, $1,200,000, $750,000, $300,000, $0
• Cash Flows: $700,000, $800,000, $700,000, $600,000, $500,000, $400,000, $300,000
• Profits: $250,000, $350,000, $250,000, $150,000, $50,000, -$50,000, -$150,000
• ARR: 6.67%, 11.67%, 6.67%, 3.33%, 1.67%, -3.33%, -8.33%
• Average Profits: $50,000
• Average Investment: $1,500,000
• Average ARR: 3.33%
• Payback: 5 years
• NPV @ 10%: $120,000

Requirements:

1. Compute ARR, payback period, and NPV.
2. Discuss the feasibility of the investment.

Provide recommendations based on the analysis.