As entrepreneur is considering raising a bank loan to buy a firm year life span machine costing two millions(2,000,000) the cost of dept is 15% per annum and the machine will have no salvage value at...

As entrepreneur is considering raising a bank loan to buy a firm year life span machine costing two millions(2,000,000) the cost of dept is 15% per annum and the machine will have no salvage value at the end of its life span. If the operation from the machine will yield the following annual cash flows. Year 1= #490000 Year 2=#420000 Year 3=#340000 Year 4=#400000 Year 5=#380000 Determine weather or not the manager should implement the project on the basis of 1. Net Present Value (NPV). 2. Profitability Index (PI). 3. Internal Rate if Return (IRR).