Nike, Inc. is planning to invest in a new product line. The initial investment required is $5,500,000. The project is expected to generate the following annual cash inflows:

Year	1	2	3	4	5
Cash Inflows ($)	1,000,000	1,100,000	1,200,000	1,300,000	1,400,000

The company uses a discount rate of 13%. The product line has no salvage value at the end of its 5-year life. The corporate tax rate is 22%.

Required:

1. Calculate the net present value (NPV) of the project.
2. Compute the internal rate of return (IRR).
3. Determine the profitability index (PI).
4. Assess the payback period of the project.
5. Evaluate the sensitivity of NPV to changes in annual cash inflows.