Background:

Best Tech Inc. is evaluating a project that will cost $600,000. The project 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

The company uses a discount rate of 8%.

Requirements:

1.Calculate the NPV of the project.

2.Calculate the IRR.

3.Determine the Payback Period.

4.Calculate the Profitability Index (PI).

5.Assess the financial viability of the project based on NPV, IRR, and PI.