Slide $\text{'}$n FloatSlide $\text{'}$n Float is considering purchasing a water park for $ $1$ comma $870$ comma $000$$$1,870,000.$ The new facility will generate annual net cash inflows of $ $460$ comma $000$$$460,000$ for $88$ years. Engineers estimate that the facility will remain useful for $88$ years and have no residual value. The company uses$$ straight$-$line depreciation, and its stockholders demand an annual return of $1010\%$ on investments of this nature.

Read the requirements. LOADING...

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Part $1$

Requirement $1.$ Compute the$$ payback, the$$ ARR, the$$ NPV$,$ the$$ IRR, and the profitability index of this investment.

$$First$,$ determine the formula and calculate payback. $($Round your answer to one decimal$$ place, X$.$X$.)$

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$=$

Payback

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$=$

years