Perform a financial analysis for a project using the format provided in Figure 4-5. Assume that the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $300,000 in Year 1 and $40,000 each year in Years 2, 3, and 4. Estimated benefits are $0 in Year 1 and $120,000 each year in Years 2, 3, and 4. Use a 7 percent discount rate, and round the discount factors to two decimal places. Create an excel spreadsheet to calculate and clearly display the NPV, ROI, and year in which payback occurs. Additionally, must write a paragraph explaining whether you would recommend investing in this project using the terms NPV, ROI, and Payback, based on your financial analysis.

JWD Consulting net present value and return on investment example