A business invests $400,000 in Project E, with the following projected cash flows:

PROJECT E:

• Year 1: $100,000
• Year 2: $120,000
• Year 3: $130,000
• Year 4: $90,000
• Year 5: $60,000

Required:

1. Compute the Payback Period.
2. Calculate the NPV assuming a 9% discount rate.
3. Determine the IRR.
4. Evaluate the project's profitability index.
5. Calculate the discounted payback period.