2. A project requires an initial investment of Rs. 5,00,000. It is estimated to have a life of 6 years. The estimated net cash flows are as under: Year Net Cash Flow (Rs.) 60,000 I 2 80,000 3 1, 10,000 4 1, 20,000 5 1, 30.000 6 1,00,000 Cost of capital is 10%. Calculate: a. Payback Period b. Net Present Value c. IRR of the project. Assume that the standard payback period is 4 years. Should the project be accepted as per each of the above measures? Why? [Discount factors at 10% are 0 909, 0.826, 0.751, 0.683.0.621.0 564 for I to 6 years.]