UVW Corporation plans to invest $700,000 in a new project. The project is expected to produce the following net cash inflows:

• Year 1: $140,000
• Year 2: $150,000
• Year 3: $160,000
• Year 4: $170,000
• Year 5: $180,000

Requirements:

1. Calculate the Accounting Rate of Return (ARR).
2. Determine the Payback Period.
3. Compute the Net Present Value (NPV) at a discount rate of 10%.
4. Find the Internal Rate of Return (IRR).
5. Assess whether the project should be undertaken.