A company plans to invest $900,000 in a new project. The expected earnings before depreciation and taxes are projected as follows:

Year	Earnings ($)
1	200,000
2	210,000
3	220,000
4	230,000
5	240,000

Depreciation will be on a straight-line basis with a salvage value of $100,000 at the end of the fifth year. The tax rate is 25%, and the required rate of return is 10%.

Requirements:

1. Compute the annual depreciation.
2. Calculate the Net Present Value (NPV).
3. Determine the Internal Rate of Return (IRR).
4. Compute the Payback Period.

Evaluate the project's acceptability based on NPV and IRR.