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You are the senior management accountant in the head office of TightFitt, a large fitness group, You report to the financial controller, Lara Lycra Tightfit currently owns and runs 25 gyms throughout Australia and New Zealand. Lara inform you that the marketing department would like to add a climbing wall to the facilities in each of its gyms, all of which have sufficient room to build this additional facility. Based on a prototype created within one of the Adelaide gyms, the marketing department has provided the following estimates for your use in analysing discounted cash flow, payback and discounted payback periods. All price and cost estimates are exclusive of GST. Tight-Combing wall project estimates Constructions po Additional staff cospermum 510250 1on of contro 5250 Average Number of memben we wenye umboh, but wa wamen nong become Installation of the climbing wall Additional 315 The-Clinking wall project estimates font * Expected the fand Ticare forward toes and is not erected to per contato 10am Using the information provided, answer the following questions: 1. Calculate the net present value of the climbing wall within one of TightFitt's gyms. IL Calculate the payback period 3 TACCHIO RISK AND FINANCIAL MANAGEMENT III Calculate the discounted payback period,

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