Company: NuCorp Energy Ltd.

Scenario: NuCorp Energy Ltd. is planning to invest in a new solar panel system costing Rs.750,000. The system has a life expectancy of 8 years with no salvage value. The tax rate is 20%. The company follows straight-line depreciation. The estimated cash flows before depreciation and tax (CFBT) from the system are as follows:

Year	CFBT (Rs)
1	110,000
2	115,000
3	120,000
4	125,000
5	130,000
6	135,000
7	140,000
8	145,000

Compute the following:

1. Payback period
2. Average rate of return
3. NPV at 12% discount rate

Modified Internal Rate of Return (MIRR) at 12% discount rate