Zenith Corporation is evaluating a new project that requires an initial investment of USD 250,000. The project has an expected life of 4 years with the following cash inflows:

• Year 1: USD 70,000
• Year 2: USD 80,000
• Year 3: USD 90,000
• Year 4: USD 100,000

Requirements:

1. Calculate the payback period.
2. Determine the NPV using a cost of capital of 9%.
3. Calculate the IRR for the project.
4. Compute the PI for the project.

Provide a recommendation on whether Zenith Corporation should proceed with the project, based on your analysis.