1. '3'. As the manager of exploration for Chieftain Oil Br Gas, you are evaluating a new offshore oil recovery module that will recover oil and gas deer: in the Gulf of Mexico. The Expected cash ows are: Initial hivesonent $151] Million Net cash ows years 1 to 5, $20M (ivllion), $60M, $90M, $50M, $30M then well depleted, no salvage value, Compute: Payback period, Present worth [The MARE is 15%), IRE, NPVI for this project. [Please compute the scenario and then answer the four parts of the question) Part A - What is the Payback Period