Year Cash Flows 0 $-2,000,000 1 $ 150,000 2 $1,200,000 3 $ 200,000 4 $ 250,000 5 0- 6 $ 625,000 7 $ 175,000

Additional information: SunBeam generally requires a 6 year payback for a project to be undertaken, and SunBeam requires at least a return of 12% for an investment to be undertaken. Required: 1. Calculate NPV, IRR and payback period for this new project. Show your answers.