Splash Country is considering purchasing a water park in Atlanta, Georgia, for $1,870,000. The new facility will generate annual net cash inflows of $472,000 for eight years. Engineers estimate that the facility will 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.

The IRR (internal rate of return) is between Finally, determine the formula and calculate x. (Round your answer to two decimal places, X.XX.) 1214% =1 Requirement 2. Recommend whether the c 1416% Ist in this project. Recommendation: Splash Country 1618% ject because the payback period is the operating life, the NPV is the profitability index is one, and the ARR and IRR are the company's required rate of return. 1820% Finally, determine the formula and calculate the profitability index. (Round your answer to two decimal places, X.XX.) =Profitabilityindex= Requirement 2. Recommend whether the company should invest in this project. Recommendation: Splash Country invest in the project because the payback period is the operating life, the NPV is the profitability index is one, and the ARR and IRR are the company's required rate of return. Finally, determine the formula and calculate the profitability index. (Round your answer to two decimal places, X.XX.) 1=Profitabilityindex= Requirement 2. Recommend whether the company should invest in this project. Recommendation: Splash Country invest in the project because the payback period is the operating life, the NPV is the profitability index is one, and the ARR and IRR are the company's required rate of return The IRR (internal rate of return) is between Finally, determine the formula and calculate the profitability index. (Round your answer to two decimal places, X.XX.) =Profitabilityindex Requirement 2. Recommend whether the company should invest in this project. Recommendation: Splash Country invest in the project because the payback period is the operating life, the NPV is the profitability index is one, and the ARR and IRR are the company's required rate of return. Finally, determine the formula and calculate the profitability index. (Round your answer to two decim Requirement 2. Recommend whether the company should invest in this project. Recommendation: Splash Country less than the profitability index is one, and the ARR and IRR are the company's required rate of return. Finally, determine the formula and c ty index. (Round your answer to two decimal places, X.XX.) Requirement 2. Recommend whetl Id invest in this project. Recommendation: Splash Country invest in the project because the payback period is the operating life, the NPV is , the profitability index is one, and the ARR and IRR are the company's required rate of return. company uses straight-line depreciation, and its stockholders demand an annual return of 10% on investments of this nature. (Click the icon to view the Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. 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.)