Please show how you arrive at the answer using Excel (please show steps, or calculations):

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Calculate NPV, IRR, PI, DPB, PB for the following project:

initial machine cost = $1,000,000, discount rate = 15%, tax rate = 35%, project life = 5 years (use MACRS), sales for the first year = $1,200,000 and areexpected to increase 20% through year 4, but sales in year 5 will be 750,000, costs = 62% of sales per year with a one-time software upgrade cost of $10,000 in year 3, sell machine at the end of year 5 = $50,000