A firm has a capital project that requires an initial investmentof $800000 and p

A firm has a capital project that requires an initial investmentof $800000 and provides cash flows as follows: Year 1= $350000Year 2= $450000 Year 3= $500000; the cost of capital for thisproject is 9%. 1. Determine the Net Present Value for this project;determine if this project should be accepted or not and why 2.Determine the payback period for this project; determine if theproject should be accepted under this evaluation criterion; if themaximum payback allowed is 3 years 3. Determine the internal rateof return for this project; determine if the project should beaccepted under this evaluation criteria given the cost of capitalprovided