Your company has the opportunity to invest in a new project. The project requires an initial investment and will generate the following cash inflows:

	Year 0 (£)	Year 1 (£)	Year 2 (£)	Year 3 (£)	Year 4 (£)	Year 5 (£)
Project Cost	-18,000
Cash Inflows		5,000	5,000	6,000	7,000	8,000

Requirements:

1. Calculate the Net Present Value (NPV) using a discount rate of 12%.
2. Determine the Internal Rate of Return (IRR).
3. Compute the Payback Period.
4. Calculate the Profitability Index (PI).
5. Based on the calculated metrics, evaluate the project’s attractiveness.