Schiffman's is an upscale jewelry store in Friendly Shopping Center. Schiffman's is considering a capital investment of $378,000 in additional productive facilities. The new equipment is expected to have a useful life of 6 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $18,900 and $84,000, respectively. Schiffman's has a 8% cost of capital rate, which is the required rate of return on the investment. Compute the cash payback period. Compute the Internal rate of return on the proposed project Compute the net present value