The Ross brothers are adding new manufacturing equipment to thier businesses.

All in costs of the assets will be 15 million.

The cost to finance the project will be 10 %

They are expecting a negative cash flow in year one of one million.

Year 2 the expected after tax cash flow is 6 million.

Year 3 the expected after tax cash flow 5.5 million

Year 4 the expected after tax cash flow 4 million

Year 5 the expected after tax cash flow 7 million

Calculate the MPV and RRI and the payback and profitability of the project.