Isle Royale Solutions is considering a project that would have a eight$-$year life and would

require a $$2,904,000$ investment in equipment. At the end of eight years, the project would

terminate and the equipment would have no salvage value. The project would provide net

operating income each year as follows $($Ignore income taxes.$)$:

Use the documents provided in the instructions to determine the appropriate discount

factor$($s$).$

All of the above items, except for depreciation, represent cash flows. The company's required

rate of return is $11\%.$

Compute the project's net present value.

Compute the project's internal rate of return.

Compute the project's simple rate of return.

Compute the project's payback period.