XYZ Corporation is considering a project that requires an initial investment of $150,000. The project is expected to generate the following annual net cash flows:

• Year 1: $35,000
• Year 2: $45,000
• Year 3: $55,000
• Year 4: $65,000
• Year 5: $75,000

Requirements:

1. Calculate the cumulative cash flows for each year.
2. Determine the payback period.
3. Calculate the project's NPV at a discount rate of 10%.
4. Compute the project's IRR.
5. Evaluate the project’s PI.