What would this be?

Splash City is considering purchasing a water park in Atlanta, Georgia, for $1, 870,000. The new facility will generate annual net cash inflows of $487,000 for eight years. Engineers estimate that the new facilities w remain useful for eight years and have no residual value. The company uses straight-line depreciation, and its stockholders demand an annual return of 10% on investments of this nature. Requirements Compute the payback, the ARR, the NPV, the IRR, and the profitability index of this investment. Recommend whether the company should invest in this project. 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. (, X.X.) = Payback = years Next, determine the formula and calculate the accounting rate of return (ARR). (Round the percentage to the nearest tenth percent. X.X.%) = APR = %