You are now looking at capital project for the Salus Corp that has the following projected cash flows.

Amt. of Investment Year 1 Year 2 Year 3 Year 4 $3.0 $1.0 $1.5 $2.0 $2.5

1. Calculate the NPV of the project is the cost of capital for the Salus Corp is 15% and the risk of the project is similar to the risk of the Dunn Company.

2. what year does payback occur?