Company XYZ is considering investing in a new project. The project requires an initial investment of $300,000 and is expected to generate the following cash flows over the next five years:

• Year 1: $50,000
• Year 2: $70,000
• Year 3: $80,000
• Year 4: $90,000
• Year 5: $100,000 The company's cost of capital is 12%. Evaluate the investment project by calculating the following: a) Net Present Value (NPV) b) Internal Rate of Return (IRR) c) Payback Period Analyze the results and provide a recommendation to the company regarding whether to proceed with the investment.