Your company is considering a new project. The company has a plant available that it is currently not using. The plant was purchased for $1,800,000 four years ago, but could be sold for $1,900,000 after taxes today. In three years, the plant will be able to be sold for $1,850,000 after taxes. There is no depreciation on the plant. The equipment necessary for the project will cost $3.5 million and will be depreciated on a 3-year MACRS schedule. The equipment can be sold for $725,000 in 3 years. The sales projections for each year are $2.9 million, $4.8 million and $3.7 million, respectively, over the 3-year life of the project. Depreciation perecentages are 20%, 32%, and 19.20% respectively over the 3-years life of the project. Variable costs are 35 percent of sales, and fixed costs are $750,000 per year. The project will also require an investment of $125,000 in NWC which will be return at the end of the project. The company has a tax rate of 40 percent and the required return on the project is 13 percent. Calculate the payback period, profitability index, NPV, and IRR of the project. Should the company accept the project?