Question Help Splash City is considering purchasing a water park in Atlanta, Georgia, for $1,850,000. The new facility will generale annual net cash inflows of $462,000 for eight years. Engineers estimate that the facility will remain useful for eight years and have no residual value. The company uses straight-line depreciation, and its stockholders demand an annual retum of 10% on investments of this nature. (Click the icon to view the Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) 1 (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Average annual operating income Amount Invested = ARR + 1850000 % Requirements X Calculate the net present value (NPV). (Enter any factor amounts to three decimal places, X.XXX.) Net Cash Annuity PV Factor Present Years Inflow (i=10%, n=8) Value 1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment 2. Recommend whether the company should invest in this project. 1-8 Present value of annuity 1850000 0 Investment Net present value of the investment Print Done The IRR (internal rate of return) is between 18-20% Finally, determine the formula and calculate the profitability index. (Round your answer to two decimal places, X.XX.) = Profitability index Requirement 2. Recommend whether the company should invest in this project. Choose from any list or enter any number in the input fields and then continue to the next