A firm is considering a project with a capital investment of Rs. 7,00,000. The project has a lifespan of 9 years with a salvage value of Rs. 1,00,000. It will generate annual net operating income after depreciation of Rs. 95,000. The tax rate for the firm is 32%. Present value factors for 9 years are given:

Present Value Factors:

Discounting Rate	Cumulative Factor
8%	6.25
10%	5.76
12%	5.33
14%	4.87
16%	4.45

Requirements:

1. Determine the annual net cash inflow after tax.
2. Compute the present value of the salvage value at each discount rate.
3. Calculate the present value of the cash inflows at each discount rate.
4. Determine the NPV at each discount rate.
5. Calculate the IRR of the project.