Ursus, Incorporated, is considering a project that would have a five-year life and would require a $690,000 investment in equipment. At the end of ve years, the project would terminate and the equipment would have no salvage value. The prOJect would provnde net operating income each year as follows (Ignore income taxes): Sales $ 1,800,000 Variable expenses 1,250,000 Contribution margin 55 0 , 00 0 Fixed expenses : Fixed out-ofpocket cash expenses 5 320 , 0 00 Depreciation 138,000 458,000 Net operating income 5 92 , O 0 0 Click here to view Exhibit 1231 and Exhibit 128-2, to determine the appropriate discount factor(s) using the tables provided. All of the above items, except for depreciation, represent cash flows. The company's required rate of return is 14%. Required: 3. Compute the project's net present value. (Round your intermediate calculations and nal answer to the nearest whole dollar amount.) b. Compute the project's internal rate of return. (Round your final answer to the nearest whole percent.) c. Compute the project's payback period. (Round your answer to 2 decimal place.) d. Compute the project's simple rate of return. (Round your final answer to the nearest whole percent.) a. Net present value b. internal rate of return _ % c. Payback penod d. Simple rate of return