I try to add the table content work, they will not allow me.. see below in another post pls

One question pls i need help with this, kindly show your work as well so that i can learn. I WILL RATE IT AND LEAVE A COMMENT. THANKS

Tidal Wave is considering purchasing a water park in San Diego comma California, for $ 1 950 000. The new facility will generate annual net cash inflows of $ 500 000 for eight years. Engineers estimate that the facility will remain useful for eight years and have no residual value. The company uses straight-line depreciation. Its owners want payback in less than five years and an ARR of 10% or more. Management uses a 14% hurdle rate on investments of this nature.

Requirement 1. Compute the payback period, the ARR, the NPV, and the approximate IRR of this investment. (If you use the tables to compute the IRR, answer with the closest interest rate shown in the tables.) (Round the payback period to one decimal place.)

The payback period is

years.

(Round the percentage to the nearest tenth percent.)

The ARR (accounting rate of return) is

%.

(Round your answer to the nearest whole dollar.)

Net present value $

The IRR (internal rate of return) is between

16% and 18%

20% and 22%

22% and 24%

18% and 20%

.

Requirement 2. Recommend whether the company should invest in this project.

Recommendation:

Do not invest in the new facility.

Invest in the new facility.