3. You are the CEO of Cardinal Company (a small handheld technology firm) and have just been briefed on a promising new product with projected cash flows detailed below. Discuss your assessment of this project's viability and profitability. Explain the principles of evaluating cash inflows and outflows. Calculate payback period, total return on investment, internal rate of return, and net present value. State any assumptions (i.e. discount rate). Explain your reasoning behind those assumptions. Year Revenue Capital Expenditure S 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $18,000,000 $3,000,000 $4,000,000 $6,500,000 $7,500,000 $3,500,000 $7,500,000 $8,000,000 $1,500,000 $8,500,000 $9,000,000 $2,000,000 $9,500,000 Activate Go to Setti