Darling Enterprises has calculated the expected net income estimates for a new project (called Project X) over the next four years. Net Income Year 1 $8,800 Year 2 23,200 Year 3 17,100 Year 4 13,400 The project requires a $108,000 initial investment in equipment that will be depreciated on a straight-line basis over the next four years. At the end of four years, the equipment will have no residual value. On the timeline, indicate the cash flow the project is expected to produce each year. Round to the nearest two decimal places. ($108,000) Assume the desired rate of return on a project of this type is 10% and the desired payback is three years or less. Analyze the company's investment in Project X. In your analysis, use (a) the net present value method, (b) the payback period method, and (c) the accounting rate-of return method. Click here for the Present Value Table