ABC Ltd. is evaluating a new project requiring an initial investment of $350,000. The project is expected to generate cash inflows of $90,000 annually for six years. Calculate the IRR for this investment.

Requirements:

•Calculate the IRR.

•Determine the NPV at a 6% discount rate.

•Find the payback period.

•Compute the accounting rate of return (ARR).

•Evaluate the project's attractiveness based on NPV and IRR.

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