A construction firm is considering a project that requires an initial outlay of $7,00,000. The project will generate the following cash flows over its 6-year life:

Year	Cash Flow
1	1,50,000
2	1,60,000
3	1,70,000
4	1,80,000
5	1,90,000
6	2,00,000

The firm’s discount rate is 14%.

Requirements:

1. Calculate the NPV of the project.
2. Determine the IRR of the project.
3. Compute the Payback Period.
4. Evaluate the profitability of the project using the PI.