Ursus, Incorporated, is considering a project that would have a tenyear life and would require a $2,668,000 investment in equipment. At the end often 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 35 2,468,366 Variable expenses 1,558,860 Contribution margin 853,308 Fixed expenses: Fixed out-ofpocke't cash expenses 5 38,669 Depreciation 266,396 536,390 Net operating income $ 313:29'3 Click here to view Exhibit 1231 and Exhibit 1232, 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 14%. Required: a. Compute the project's net present value. (Round your intermediate calculations and nal 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.) :2. Compute the project's payback period. {Round your answer to 2 decimal place.} d. Compute the project's simple rate of return. {Round your nal answer to the nearest whole percent.) a. Net present value b. Intemel rate at retum c. Payback period d. Simple rate of return