Port Renovations, Incorporated (PRI) is considering purchasing a dredging machine. The purchase would require an initial full payment of $1,500,000. The machine is expected to generate $100,000 per month for 18 months, at which time it is expected to be sold as scrap for $400,000. Straight-line depreciation will be used over the machines entire useful life. PRIs cost of capital is 1% per month. The applicable tax rate is 30%.

1. 1. 1-What is the NPV of the proposed purchase?
   2. 2-What is the IRR?
   3. 3-What is the payback period?
   4. 4-What is the Accounting Rate of Return?
2. No excel sheet
3. writing steps

MAKE IT CLEAR PLEASE