TUV Inc. plans to invest in a project that requires:

• Initial outlay: $350,000
• Annual net cash inflows:
  • Year 1: $80,000
  • Year 2: $85,000
  • Year 3: $90,000
  • Year 4: $95,000

Requirements:

1. Calculate the accounting rate of return (ARR).
2. Determine the NPV using a discount rate of 10%.
3. Compute the payback period.
4. Find the IRR.