XYZ Ltd is planning to invest in a new plant costing Rs. 600 lakhs. The expected annual earnings before depreciation and taxes for the next five years are given below:

Year	Earnings (Rs. in lakhs)
1	180
2	200
3	220
4	240
5	210

The capital cost is 14%, and the plant will depreciate at 20% per annum on the straight-line method. The salvage value at the end of the project is Rs. 150 lakhs. There is no tax applicable.

Requirements:

1. Compute the net present value (NPV).
2. Calculate the internal rate of return (IRR).
3. Find the discounted payback period.
4. Compute the average rate of return (ARR).
5. Provide a recommendation based on financial metrics.