14.Details of a new machine are: Capital cost 240,000 Expected operating life 5 years Expected scrap value at end of 5 years 40,000 40,000 Annual depreciation Expected annual cash inflows from operations 80,000 Which of the following is the payback period? A. 2.5 years B. 3.0 years C. 5.0 years D. 6.0 years And answer the question Which of the following statements about Net Present Value (NPV) and Internal Rate of Return (IRR) methods are correct? (1) An investment with a positive NPV is financially stable (2) IRR is a superior method to NPV (3) The graph of NPV against discount rate has a positive slope for most projects. (4) NPV is the present value of expected future net cash receipts less the cost of investment. A. (1),(2),(3) and (4) B. (2) and (3) only C. (1) and (4) only D. (1) and (3) only