Splash Word is oonsibering purchasing a water park in Orando, Flonda, for $2,100,000. The new facily will generate annual net cash inflows of 5490,000 tor ten years. Engineers evtimate that the taolity wil remain ureful for len years and have no residual value. The company uses siraight-Ine depredation, its owners want payback in lest than five years and an AHR of 12% or more. Management uses a 10\% hurdle rate on investenents of this nature (Cick the loon to view the prosent value annuly table) (Click the icon to view the prosent value table.) (Cick the icon to view the future vilue armity table.) (Cick the icon to vies the future value table.) Read the thstiremects Requlrement 1. Compute the payback period, the ARQ, the NPV, and the abproximate IRR of this irvestment, (if you vie the tables to compule the IRR, andwer with the dosest intarast rale ahown in the tables.) (Round the paybock period is one decimal place.) The piryback period (n year) is Reference Reference Reference Reference