Water Planet is considering purchasing a water park in Dando, Fonds for $1.950.000. The new facility will generate annual net cash inflows of $495,000 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 Its owners want payback in less than five years and an AR of 10% or more Management uses a 14% hurdle rate on investments of this nature (Click the icon to view the present value annuityable) (Click the icon to view the future value annuity table) Read the meth Click the loon to view the present value table) (Click the loon to view the future value table) Requirement 1. Compute the payback period, the ARR the NPV, and the approximate IRR of this investment, if you use the tables to compute the 9, aner with the closest interest rate shown in the tables) (und the payback pend one decimal place) The payback period on years)