An investor is analyzing a potential project with the following expected cash flows:

• Initial Investment: $300,000
• Year 1: $80,000
• Year 2: $90,000
• Year 3: $100,000
• Year 4: $110,000
• Year 5: $120,000
• Salvage Value: $50,000 (at the end of Year 5)

The discount rate is 8%.

Requirements:

1. Calculate the NPV of the project.
2. Determine the IRR.
3. Calculate the profitability index.
4. Assess the payback period.
5. Evaluate the overall feasibility of the project based on the calculations.