An automotive company is evaluating a new project with an initial cost of $180,000. The expected net cash flows for the project are as follows. Assume the company's cost of capital is 8%. Calculate and comment on the project's NPV, IRR, and profitability index.

• Year 1: Cash Flows = $40,000, Discount Factor = 0.926
• Year 2: Cash Flows = $50,000, Discount Factor = 0.857
• Year 3: Cash Flows = $60,000, Discount Factor = 0.794
• Year 4: Cash Flows = $70,000, Discount Factor = 0.735
• Year 5: Cash Flows = $80,000, Discount Factor = 0.681
• Salvage Value: $30,000, Discount Factor = 0.681

Requirements:

1. Calculate the Net Present Value (NPV).
2. Determine the Internal Rate of Return (IRR).
3. Compute the profitability index.
4. Assess the investment decision based on NPV and IRR.