1. Project Ltd intends to acquire a new machine costing $ 50,000 which is expected to have a life of five years, with a scrap value of $ 10,000 at the end of that time. Cashflow arising from operation of the machine are expected to arise on the last day of each year as follows; End of year 1 2 3 4 5 Operating profit before depreciation $10,000 $ 15,000 $ 20,000 $ 25,000 $ 25,000 Calculate the accounting rate of return, payback period, net present value and profitability index (assuming a discount rate of 10%) 1 0.909 2 0.826 3 0.751 4 0.683 5 0.621