Perform A financial analysis for a project using the format provided in chapter 4, 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. Use the NPV and ROI template to calculate the NPV, ROI and year in which payback occurs.
• Use the Payback period chart template to draw the payback chart.
• The templates can be found in Module 4 at the bottom of Module4 Description and Learning Objectives page on Canvas.

NOTE: You need to start your analysis from year 1 not 0 as indicated NPV and ROI template.

Requirement:

1. Write a paragraph explaining whether you would recommend investing in this project, based on your financial analysis.