● N Ltd. has under consideration a project which involves an initial outlay of `6,00,000 with a scrap value of `1,00,000 at the end of its useful life of 5 years. The profit before depreciation and tax during these 5 years are `1,20,000, `1,60,000, `2,00,000, `2,40,000 and `2,80,000. Tax rate applicable for the company is 40%. Cost of Capital is 12%.

You are required to calculate the NPV of the project and comment on its viability.