DEF Ltd. is considering a project with the following details:

• Initial investment: Rs. 4,50,000
• Project life: 6 years with no salvage value
• Expected annual cash flows: Rs. 95,000, Rs. 85,000, Rs. 1,05,000, Rs. 1,15,000, Rs. 1,25,000, Rs. 1,30,000
• Depreciation: 15% on original cost
• Tax rate: 20%

Required:

1. Calculate Payback Period (PBP) and ARR.
2. Determine NPV and NPV Index at a 9% discount rate.
3. Calculate IRR.
4. Evaluate the profitability index.