**Practical Problem — Capital Budgeting - Comprehensive NPV and IRR Project Evaluation (Marks: 8)** Agarwal Electricals Ltd. is considering an investment in a new plant project requiring an initial capital outlay of ₹118,000,000. Expected useful life is 4 years with nil salvage value. Projected Annual Cash Flows After Tax (CFAT): - Year 1: ₹41,300,000 - Year 2: ₹47,200,000 - Year 3: ₹53,100,000 - Year 4: ₹35,400,000 The cost of capital of the company is 10%. Discount factors at 10% are: Year 1: 0.909, Year 2: 0.826, Year 3: 0.751, Year 4: 0.683. **You are required to calculate:** (a) Net Present Value (NPV) of the project. (b) Profitability Index (PI). (c) Discounted Payback Period. (d) Give recommendation whether the project should be accepted.