Ursus, Incorporated, is considering a project that would have a five$-$year life and would require a $$600,000$ investment in equipment At the end of five years, the project would terminate and the equipment would have no salvage value. The project would provide net operating income each year as follows $($Ignore income taxes.$)$:

Sales

Variable expenses

Contribution margin

Fixed expenses:

Fixed out$-$of$-$pocket cash expenses

Depreciation

$$1,900,000$

$\frac{1,300,000}{600,000}$

Net operating income

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

All of the above items, except for depreciation, represent cash flows. The company's required rate of return is $7\%.$

Required:

a$.$ Compute the project's net present value. $($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$

b$.$ Compute the project's internal rate of return. $($Round your final answer to the nearest whole percent.$)$

c$.$ Compute the project's payback period. $($Round your answer to $2$ decimal plach.$)$

d$.$ Compute the project's simple rate of return. $($Round your final answer to the nearest whole percent.$)$

$\backslash$table$[[$a$.$ Net present value,,$],[$b$.$ Internal rate of return,,$\%$