QRS Industries is reviewing a capital project that entails:

• Initial outlay: $500,000
• Annual cash flows:
  • Year 1: $120,000
  • Year 2: $130,000
  • Year 3: $140,000
  • Year 4: $150,000

Requirements:

1. Calculate the NPV at an 8% discount rate.
2. Find the payback period.
3. Determine the IRR.
4. Compute the accounting rate of return (ARR).