Q$\mathrm{.}2.$ A project has an initial investment of Rs$.23\mathrm{.}50$ lakhs and projected cash inflows of Rs$.6,10,000$ for $5$ years. Assume the discount rate to be $16$ percent throughout.

$($a$)$ Work out the NPV$.($b$)$ Work out the Undiscounted and Discounted Pay Back Period. $($c$)$ Work out the Profitability Index. $($d$)$ Should the project be approved? Why?

Do all the calculations manually.