Apple Inc. is evaluating a new project which requires an initial investment of $1,200,000 in new equipment. The expected annual cash inflows for the next five years are as follows:

Year	1	2	3	4	5
Cash Inflows ($)	300,000	350,000	400,000	450,000	500,000

The equipment will be depreciated using the straight-line method to a zero book value over its 5-year useful life. The discount rate for the project is 8%, and the tax rate is 25%.

Required:

1. Calculate the net present value (NPV) of the project.
2. Compute the internal rate of return (IRR) of the project.
3. Determine the accounting rate of return (ARR).
4. Assess the payback period of the project.
5. Analyze the impact of depreciation method on the project's profitability.