Verizon Communications provided the following details for a new project:

• Initial Investment: $3,000,000
• Expected Annual Cash Inflows: $800,000
• Expected Annual Cash Outflows: $200,000
• Project Duration: 5 years
• Discount Rate: 10%

Requirements:

1. Calculate the Net Present Value (NPV) of the project.
2. Determine the Internal Rate of Return (IRR).
3. Compute the Payback Period.
4. Analyze the project's financial viability.
5. Discuss the impact of the discount rate on NPV.