A company is planning a new venture that requires an initial outlay of $250,000. The net cash inflows are projected to be:

• Year 1: $70,000
• Year 2: $80,000
• Year 3: $90,000
• Year 4: $100,000
• Year 5: $110,000
• Salvage Value: $30,000 (at the end of Year 5)

The required rate of return is 15%.

Requirements:

1. Prepare a table of cash flows and their present values.
2. Calculate the NPV of the project.
3. Determine the IRR.
4. Find the discounted payback period.
5. Analyze whether the project should be undertaken based on the NPV and IRR.