A Company is considering a proposal of installing a drying equipment. The equipment would involve a Cash outlay of $\text{'}6,00,000$ and net Working Capital of $\text{'}80,000.$ The expected life of the project is $5$ years without any salvage value. Assume that the company is allowed to charge depreciation on straight$-$line basis for Income$-$tax purpose. The estimated before$-$tax cash inflows are given below:

Before$-$tax Cash inflows $(\text{'}\text{'}000)$

$240,275,210,180,160$

The applicable Income$-$tax rate to the Company is $35\%.$ If the Company's opportunity Cost of Capital is $12\%.$ calculate the equipment's discounted payback period, payback period, net present value and internal rate of return.

The PV factors at $12\%,14\%$ and $15\%$ are:

$\backslash$table$[[$Year$,1,2,3,4,5]]$

PV factor at $12\%,0\mathrm{.}8929,0\mathrm{.}7972,0\mathrm{.}7118,0\mathrm{.}6355,0\mathrm{.}5674$

PV factor at $14\%,0\mathrm{.}8772,0\mathrm{.}7695,0\mathrm{.}6750,0\mathrm{.}5921,0\mathrm{.}5194$

PV factor at $15\%,0\mathrm{.}86960\mathrm{.}7561,0\mathrm{.}6575,0\mathrm{.}5718,0\mathrm{.}4972$