A company is analyzing an investment requiring an initial outlay of $250,000. The project provides the following annual net cash flows:

Year	Net Cash Flows
1	$40,000
2	$50,000
3	$60,000
4	$70,000
5	$80,000
6	$90,000

Requirements:

1. Calculate the cumulative net cash flows.
2. Determine the payback period.
3. Compute the NPV assuming a discount rate of 9%.
4. Determine the IRR for the investment.
5. Assess the PI.