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Perform a Financial Analysis for a project XY.

Assume the projected costs and benefits for this project are spread over four years as follows:

Estimated costs are $300,000 in Year 1 and $50,000 each year in Years 2, 3, and 4.

Estimated benefits are $0 in Year 1 and $180,000 each year in Years 2, 3, and 4.

Use a 9 percent discount rate, and round the discount factors to two decimal places.

Create a spreadsheet to calculate and clearly display the following:

NPV

ROI

The year in which payback occurs.

In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.