The following data have been collected by capital budgeting analysts at Halda, Inc. concerning an investment in an expansion of the company's product line. Analysts estimate that an investment of $210,000 will be required to initiate the project at the beginning of 2013. Estimated cash returns from the new product line are summarized in the following table; assume that the returns will be received in lump sum at the end of each year. Year Amount of Cash Return 2013 $90,000 2014 80,000 2015 70,000 2016 60,000 The new product line will also require an investment in working capital of $30,000; this investment will become available for other purposes at the end of the project. Salvage value of machinery and equipment at the end of the product line's life is expected to be $20,000. The cost of capital used in Hilda, Inc.'s capital budgeting analysis is 10%. (a.) Calculate the net present value of the proposed investment. Ignore income taxes, and round all answers to the nearest $1. (b.) Calculate the present value ratio of the investment. (c.) What will the internal rate of return on this investment be relative to the cost of capital? Explain your answer. (d.) Calculate the payback period of the investment