Year $0$ Year $1$ Year $2$ Year $3$ Year $4$ Year $5$ Year $6$ Year $7$ Year $8$

Operating CF $$264,700346,300259,260207,036207,036167,868128,700128,700$

Less: Inv in Op Cap

Change in FA $$1,350,000$ $$(66,000)$

Change in NWC $$20,000$ $$(20,000)$

Free Cash Flow $$(1,370,000)264,700346,300259,260207,036207,036167,868128,700214,7001.$ What is the payback period?

$2.$ What is the discounted payback period?

$3.$ What is the NPV$?$

$4.$ What is the IRR?

$5.$ What is the MIRR?

$6.$ What is the Profitability Index?

$7.$ What would you recommend to management based on this analysis?