Company: Epsilon Pharmaceuticals Ltd.

Scenario: Epsilon Pharmaceuticals Ltd. is considering an investment in a new research facility costing Rs.250,000. The facility has a life expectancy of 10 years with no salvage value. The tax rate is 32%. The company uses straight-line depreciation for both accounting and tax purposes. The estimated cash flows before depreciation and tax (CFBT) from the facility are as follows:

Year	CFBT (Rs)
1	50,000
2	55,000
3	60,000
4	65,000
5	70,000
6	75,000
7	80,000
8	85,000
9	90,000
10	95,000

Compute the following:

1. Payback period
2. Internal Rate of Return (IRR)
3. NPV at 8% discount rate
4. Profitability Index at 8% discount rate