Samsung Electronics is considering a new project that requires an initial investment of $5,000,000 in new technology. The project is expected to generate the following annual cash inflows:

Year	1	2	3	4	5	6
Cash Inflows ($)	800,000	850,000	900,000	950,000	1,000,000	1,050,000

The company uses a discount rate of 12%. The technology has a salvage value of $100,000 at the end of its 6-year life. The tax rate applicable is 26%.

Required:

1. Calculate the net present value (NPV) of the project.
2. Compute the internal rate of return (IRR).
3. Determine the discounted payback period.
4. Assess the impact of the salvage value on the project's NPV.
5. Evaluate the sensitivity of the project's NPV to changes in the discount rate.