Foresight Inc. is evaluating a project with the following forecasted details:

• Initial amount invested is R500,000 and expected residual value is R40,000.

Year	Cashflows	Discount factor
Year 1	R100,000	0.909
Year 2	R120,000	0.826
Year 3	R160,000	0.751
Year 4	R80,000	0.683
Year 5	R50,000	0.621

Assuming the cost of capital for the company is 10%. The cash flows are after tax, and depreciation is charged at R20,000 per year. The tax rate is 30%.

Required:

Calculate each of the following: 1.1 Accounting Rate of Return 1.2 Payback period 1.3 Net Present Value (NPV) 1.4 Internal Rate of Return (IRR)