A business is evaluating a project involving an initial investment of Rs. 3,80,000. The project will last for 5 years with no salvage value. It will produce annual net operating income after depreciation of Rs. 60,000. The company’s tax rate is 30%. Present value factors for 5 years are given as:

Present Value Factors:

Discounting Rate	Cumulative Factor
10%	3.79
12%	3.60
14%	3.42
16%	3.25
18%	3.10

Requirements:

1. Calculate the annual net cash inflow after tax.
2. Compute the present value of the cash inflows at each discount rate.
3. Calculate the NPV at each discount rate.
4. Find the IRR of the investment.
5. Evaluate if the project should be undertaken if the firm’s required rate of return is 14%.