XYZ Manufacturing is evaluating a new machinery project:

1. Initial investment: $300,000
2. Annual net cash inflows:
   • Year 1: $60,000
   • Year 2: $70,000
   • Year 3: $80,000
   • Year 4: $90,000
   • Year 5: $100,000

Requirements:

• Calculate the payback period.
• Determine the Net Present Value (NPV) using a discount rate of 8%.
• Compute the Internal Rate of Return (IRR).
• Find the Profitability Index (PI).