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Question 6Sylvan Forests Ltd is analysing a new paper product with thefollowing after-tax cash flows:YEARCASH FLOW0-200,000160,000264,000364,000468,000568,000Sylvan Forests require a return of 15% on projects with thislevel of risk.What is the payback period for this project? What is the net present value of this project? Sylvan Forests’ CFO says he believes the IRR of this project iseither 14.03% or 18.12%. Without doing any computations, which ismore likely to be correct and why? (1 mark)Prove your answer to part c – show all computations (orcalculator inputs). Should Sylvan Forests Ltd proceed with this project? Clearlystate the criteria you used to make this decision. (15 marks total)