2. You are to start running your own business and you share your business idea with your best friend. The table below are the projected cash flows for your business. 30 1 Required: a) Your friend asks you whether you have prepared a business plan and you tell her, yes you have. Please advise her on the contents of your business. [3 marks]. b) From the data and information given above advise her on how viable the business is by calculating the net present value (NPV) and the intemal rate of return (IRR). [8 marks] - whar the return (IRR). c) If the cost of capital if 30% would the project still be viabie? Give reasons to support your answer. [4 marks] d) She says to you that she has heard people say that 'payback period method' can be used for project appraisal, but she does not know what that means. achiong the biseves - finareng - amploy - Wher Re miny me crove form thi low in kepryet kepryed irre rc+(c2r1) Required: i) Define payback period method of project appraisal to her and explain its decision crteria in project appraisal. [2 marks] i) Calculate your project's payback period. [3 marks] (xpe)