PQR Ltd. is considering an investment in a new project which requires an initial investment of Rs. 8,00,000. The project is expected to last 5 years and generate the following annual profits:

Year	Profit (Rs.)
1	1,30,000
2	1,50,000
3	1,70,000
4	1,90,000
5	2,10,000

The project will be depreciated at 20% on the straight-line method. The tax rate is 30%.

Required:

1. Calculate the Payback Period.
2. Determine the Accounting Rate of Return (ARR).
3. Compute the Net Present Value (NPV) assuming a discount rate of 11%.
4. Find the Internal Rate of Return (IRR).
5. Analyze whether the project should be accepted based on ARR and IRR.