A company is considering investing in a new project. The initial investment required is $200,000. The project is expected to generate the following cash flows:

• Year 1: $50,000
• Year 2: $75,000
• Year 3: $100,000
• Year 4: $125,000

Requirements:

1. Calculate the NPV of the project if the discount rate is 8%.
2. Determine if the project should be accepted based on the NPV rule.
3. Calculate the profitability index.
4. Find the payback period of the project.