Water Country is considering purchasing a water park in Allanta, Georgia, for $1,920,000. The new facility will generate annual net cash inflows of $472,000 for eight years. Engineers estimate that the facility will remain useful for eight years and have no residual value. The company uses straight-line depreciation, and its stockholders demand an annual return of 10% on investments of this nature. Dici (Click the icon to view the Present Value of $1 table.)(Clck the lcon to view Present Value of Ordinary Annulty of $1 table.) (Click the icon to view Future Value of $1 table) Click the icon to view Future Value of Ordinary Annuity of $1 table) Read the requirements Requirement 1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment First, determine the formula and calculate payback. (Round your answer to one dec mal place, . Payback years Next determine the formula and calculate the accounting rate of return ARR) Round the percentage to the nearest tenth percent X % ARR Calculate the net present value (NPV), (Enter any factor amounts to three decimal places, x.xxx) Net Cash Annuity PV FactorPrset inflow (in10%, n-8) Value Years 1-8 Present value of annuity 0 Investment Net present value of the investment The IRR (internal rate of return) is between Finally determine the formula and calculate the profitability index Round your answer to two decimal places - Profitability index Requirement 2. Recommend whether the company should invest in this project. Recommendalion: Waer Country roctbuse the puyback puriodte opainglie fo N o prollabl nt invest in the project because the payback period is V the operating life, the NPV is the profitability index is one, and the ARR and IRR are company's required rate of return