A project requires an initial investment of $500,000. It is expected to generate the following cash flows over its 4-year life:

• Year 1: $150,000
• Year 2: $200,000
• Year 3: $250,000
• Year 4: $300,000

Assuming a discount rate of 10%, answer the following questions:

1. Calculate the Present Value (PV) of each year’s cash flow.
2. Determine the Net Present Value (NPV) of the project.
3. Based on your NPV calculation, discuss whether the project is financially viable.