MNO Corp. is contemplating a project that requires an initial investment of Rs. 300 lakhs. The expected annual earnings before depreciation and taxes are:

Year	Earnings (Rs. in lakhs)
1	100
2	120
3	140
4	160
5	180

The cost of capital is 9%, and the project will depreciate at 25% on a written-down value basis. The salvage value at the end of the project is Rs. 70 lakhs. No taxes are considered.

Requirements:

1. Determine the NPV.
2. Calculate the IRR.
3. Find the payback period.
4. Compute the accounting rate of return (ARR).
5. Provide a recommendation for the project.