Rahi Ltd is considering the introduction of a new product. It is estimated that the net cash flows are would

be Rs.1,50,000 each year for the first four years and Rs.70,000 for the remaining period of 6 years. The

company's tax rate is 50%, and depreciation is charged at the straight-line method. If the company's

required rate of return is 15%, what is the NPV and Payback period of this project if the cash outflow is Rs.

7,00,000? Ignored tax effect on profit and loss on the sale of the asset. Also, calculate the internal rate of

return and compare it with the required rate of return of the company's investors and suggest the company

accepting the project.