You are considering buying new payroll processing system that will require an initial outlay of $63,000. The system has an expected useful life of 5 years and will generate free cash flows to the hospital as a whole of $20,608 at the end of each year over its 5 year life. In addition, the salvage value of the system is expected to be $13,200 based on current market conditions. Given a required rate of return of 15 percent, determine the following:

Payback Period; format is x.xx years

NPV; format is $xx,xxx.xx or ($xx,xxx.xx)

IRR; format is xx.xx%

Should this project be accepted? Format is Yes or No