Roberts Company is considering an investment in equipment that is capable of producing more efficiently than the current technology. The outlay required is $1,638,000. The equipment is expected to last five years and will have no salvage value. The expected cash flows associated with the project are as follows:

Year	Cash Revenues	Cash Expenses
1	$2,129,400	$1,638,000
2	$2,129,400	$1,638,000
3	$2,129,400	$1,638,000
4	$2,129,400	$1,638,000
5	$2,129,400	$1,638,000

Required:

a. Compute the projects payback period

b. Compute the projects accounting rate of return

c. Compute the projects net present value, assuming a required rate of return of 10 percent

d. Compute the projects internal rate of return.