Splash Planet is considering purchasing a water park in Atlanta, Georgia, for $1,850,000. The new facility will generate annual net cash inflows of $480,000 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 return of 12% 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.) (Click the icon to view Future Value of $1 table.) Read the requirements. (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Requirement 1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment. First, determine the formula and calculate payback (Round your answer to one decimal place, X.X.) Payback years Next, determine the formula and calculate the accounting rate of return (ARR) (Round the percentage to the nearest tenth percent, XX%) Calculate the net present value (NPV) (Enter any factor amounts to three decimal places, X.XXXX.) Years Net Cash Inflow Annuity PV Factor (-12%, n=8) Present Value Choose from any list or enter any number in the input fields and then continue to the next question. ARR