Project Cash Flows:

• Initial investment: $3,500,000
• Year 1: $1,000,000
• Year 2: $1,500,000
• Year 3: $2,500,000
• Year 4: $1,000,000

Requirements:

1. Plot the NPV profile for the project.
2. Calculate the IRR.
3. If the required rate of return is 10%, should the project be accepted?
4. What is the payback period for the project?