You have been asked to determine whether the following project is to be taken by your company. The cost of the project is to be incurred over two years. The cash outflow in year 0 will be $160,000 and in year two $190,000. The first positive cash flow will be in years 3 and will be $80,000 after that the cash flows will be $120,000 in year 4; 200,000 in year 5; $300,000 in year 6;and $50,000 in year 7. Calculate the NPV, IRR, Payback period, MIRR, and the Profitability Index of the project. Determine if the project should be taken if the required rate of return is 12.00% and the cutoff payback period is 2.5 years?