Water World is considering purchasing a wafer pack in Atlarta. Georga. for $1,900,000. The new taolty wil generate annual net cash inflows of $480,000 for eight yes?s. Engineers estimale that the tsciley will remain useful for eight years and have ne cesidual value. The compony uses thaigh-line depreciaton, and its stockholders demand an annual retum of 10% an imvestments of this nature. (Cick the icon 10 view the Piesent Value of 51 tabio.) (Clok the icon to viow Presont Value of Ordinary Ancuity of 51 table.) (Cick the icon to view Fulure Value of $1 table.] (Cick the icon te vinw Future Value of Ordiany Annuity of $1 table) Read the ceovirements Requirement 1. Compute the payback, the ARR, the NPV, the IRR, and the proftatilty index of this imvestment. Fint, determine the formula and calcydate payback. (Round your anwwer to one decimal place, xX.) Requirements 1. Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment. 2. Recommend whether the company should invest in this project