The following data have been collected by the capital budgeting analysts at Monkey Spit, Ltd. concerning an investment in equipment to allow the company to expand the its product line. Analysts estimate that an investment of $212,000 will be required to initiate the project at the beginning of 2016. Estimated cash returns from the project are summarized in the following table; assume that the returns will be received in a lump sum at the end of each year. The project will also require an investment in working capital of $32,000; this investment will become available for other purposes at the end of the project. Salvage value of the equipment at the end of the product line's life is expected to be $17,000. The cost of capital used in Monkey Spit's capital budgeting analysis is 8%. Required: Calculate the net present value of the proposed investment. Ignore income taxes. Calculate the present value ratio of the investment. Calculate the payback period of the investment