SS stove Company p considering a new product live to supplement its range line. It is anticipated the new product line will involve cash investment of $700,000 at time 0 and $1 Million in year 1. After tax cash inflows of $250,000 are expected in year 2, $300,000 in year 3, $350,000 in year 4 and $300,000 thereafter through year 20.

a) If the rate of return is 15%, What is the Net present value of the project?

b) Calculate at what rate this project should be acceptable if not acceptable at 15%

c) What is the payback period of the project

d) What is the discounted payback period of the project?

SHOW ALL STEPS WITH FULL CALCULATIONS.