REQUIRED Use the information provided below to calculate the following: 3.1 Payback Period (expressed in...

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REQUIRED Use the information provided below to calculate the following: 3.1 Payback Period (expressed in years, months and days) 3.2 Accounting Rate of Return on average investment (expressed to two decimal places) 3.3 Net Present Value 3.4 Net Benefit Cost Ratio (expressed to two decimal places) 3.5 Internal Rate of Return (expressed to two decimal places) using interpolation if the net (20 Marks) (3 marks) (5 marks) (4 marks) (3 marks) (5 marks) cash flows are R300 000 per year for five years. INFORMATION An investment in a project has the following net cash flows and net profits: Year Net cash flows 0 (R1 000 000) 1 R220 000 2 R210 000 3 R450 000 4 R320 000 5 R470 000 The project has no scrap value. The minimum required rate of return is 12%. Net profit R20 000 R10 000 R250 000 R120 000 R270 000

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