A business is analyzing a project that requires an initial investment of $500,000. The project will generate the following annual cash inflows for 5 years:

• Year 1: $110,000
• Year 2: $130,000
• Year 3: $150,000
• Year 4: $170,000
• Year 5: $190,000

Requirements:

1. Compute the NPV at a discount rate of 14%.
2. Calculate the IRR.
3. Determine the discounted payback period.
4. Evaluate the project using the profitability index.
5. Assess if the investment meets a required rate of return of 12%.