An organization is considering investing in a renewable energy project that requires an initial investment of $2,000,000. The project has a useful life of 10 years with no salvage value. It is expected to generate annual cash flows of $350,000. The tax rate for the organization is 22%. The following are the present value factors for 10 years:

Discount Rate	Cumulative Factors
6%	7.360
8%	6.710
10%	6.145
12%	5.650
14%	5.216

Requirements:

1. Calculate the NPV at each discount rate.
2. Determine the IRR of the project.
3. Assess the payback period for the investment.
4. Analyze the impact of varying discount rates on the project's NPV and IRR.
5. • Provide a recommendation based on the financial analysis.