Using the following information calculate the following capital budget methods:

1. Payback

2. Accounting rate of Return

3. Net Present Value

4. Profitability Index

5.Internal Rate of Return

Cost of the Project: $750,000

Cash inflows:

Year 1 350,000

Year 2 325,000

Year 3 150,000

Year 4 180,000

The required rate of return for the investor is 8%