What is the payback period of the project?
What is the profitability index of the project?
What is the IRR of the project?
What is the NPV of the project?

Company is introducing new radio new costs are:
Spent $750,000 to develop
Spent $200,000 for marketing
Fixed Costs 4.5 million
New Radio cost $150 variable costs
Estimated Sales (1st year) 70,000 (2nd Year) 80,000 (3rd Year) 100,000 (4th Year) 100,000 (5th Year) 75,000 in units
New Price of Radio $340
Necessary Equipment 16.5 million depreciated over 7 year 3.4 million

Old Costs of radio
Sales 80,000 units and 60,000 units for next two years
Price of old radio $280
Price will be lowered to $240 if new radio is not introduced
35% corporate tax return
12% required return

What is the Rectification Entry of Cash in Advance