·Capital Budgeting and Investment Analysis: Company Z is considering investing in a new project with an initial outlay of $500,000 and expected cash flows of $100,000 per year for the next five years.

• Requirement 1: Calculate the net present value (NPV) of the project.
• Requirement 2: Determine the internal rate of return (IRR) of the project.
• Requirement 3: Evaluate whether the project should be accepted based on NPV and IRR.