A hotel is looking to develop and introduce a Spa to provide an additional amenity for hotel guests as well as local residents. The project would require a net investment of $1.6 million and is expected to generate additional net cash flows of $450,000 annually for 6 years (time period before any significant new investments required). The required rate of return is 15 percent. Compute the Payback Period (1 pt) Compute the Discounted Payback Period (3 pts) Compute the Net Present Value (1 pt) Given the results of the above scenarios, is there any reason you would not do this project? a. b. c. d. Explain why or why not. (1 pt)