ABC is considering a project that would have a ten$-$year life and would require a $$1,000,000$ investment in equipment. At the end of ten years, the project would terminate and the equipment would have no salvage value. The project would provide net operating income $($in cash$)$ of $300,000$ per year. The required rate of return is $12\%.$ In a numbered list, respond to the following:

$1.$ Compute the project's net present value.

$2.$ Compute the project's internal rate of return to the nearest whole percent.

$3.$ Compute the project's payback period.

$4.$ Based on the information above, should the company make this investment?

$5.$ Why or why not?