An automotive company is planning to invest in a new assembly line:

• Initial investment: $800,000
• Net cash inflows:
  • Year 1: $150,000
  • Year 2: $200,000
  • Year 3: $250,000
  • Year 4: $300,000
  • Year 5: $350,000

Required Rate of Return: 11%

Requirements:

1. Compute the Payback Period.
2. Calculate the NPV.
3. Determine the IRR.
4. Assess the profitability index.
5. Evaluate the project's feasibility based on NPV and IRR.