You invest in a project that costs $1,000,000 and would yield a EBIT of $300,000 per year. The interest expense is $20,000 and the tax rate is 20%. The EBIT is expected to increase by 1.8% every year. The MARR is found to be 12%.
a) What is the discounted payback of the project?
b) What is the NPV, IRR of the project after 30 years?
c) IRR project at 30 years?
Please show all calculations