Roling Wave is considering purchasing a water park in Nowark. New Jersey, for $2,050,000. The new facility will generate annuat net cash inflows of 5530,000 for eight years. Engineers estimate that the facily wil remain useful for eight years and have no fotidual value. The company ases straight-line depreciation. its owners want payback in less than five years and an ARR of 12% or more. Management uses a 14% hurdle rate on investments of this nature. (Clek theicon to viow the present value annuity table) (C6ck the icon to view the present value table.) (Click the ican to vice the future value annuty toble.) (Click the icon to view the fubare value tablo.) Read the requirements. Requirement 1. Compule the payback period, the ARR, the NPV, and the approximate IRR of this investmnnt (if you use the tables to compuse the IRR, answer with the dosest interest rate shown in the thbles) (Round the paybeck period to one decimal place.) The paybach poriod (in yoars) is Requirements 1. Compute the payback period, the ARR, the NPV, and the approximate IRR of this investment. (If you use the tables to compute the IRR, answer with the closest interest rate shown in the tables.) 2. Recommend whether the company should invest in this project. Reference Reference Reference Reference