PQR Enterprises is planning to invest Rs. 650 lakhs in a new venture. The expected earnings before depreciation and taxes over the next five years are:

Year	Earnings (Rs. in lakhs)
1	160
2	180
3	200
4	220
5	240

The cost of raising capital is 12%, and the assets will depreciate at 18% on a straight-line basis. The salvage value at the end of five years is Rs. 110 lakhs. No tax considerations.

Requirements:

1. Compute the net present value (NPV).
2. Calculate the internal rate of return (IRR).
3. Determine the discounted payback period.
4. Evaluate the return on investment (ROI).
5. Make a recommendation based on the project's financial metrics.