Scenario: A firm is analyzing an investment project with the following cash flows and initial investment:

• Initial Investment: $35,000
• Cost of Capital: 13%

Year	Cash Flows
1	$7,000
2	$8,000
3	$9,000
4	$10,000
5	$11,000

Requirements:

1. Calculate the NPV.
2. Compute the IRR.
3. Determine the Payback Period.
4. Calculate the PI.
5. Make a recommendation on whether to proceed with the investment.