3.1 REQUIREDCalculate the following based on the information given below:3.1.1 Payback Period (expressed in years, months and days). (3 marks)3.1.2 Accounting Rate of Return on average investment (expressed to two decimal places). (5 marks)3.1.3 Benefit Cost Ratio (expressed to three decimal places) and indicate whether the company should consider investing in the project or not. (6 marks)

3.1 REQUIRED Calculate the following based on the information given below: 3.1.1 Payback Period [expressed in years, months and days). (3 marks) 3.1.2 Accounting Rate of Return on average investment [expressed to two decimal places). (5 marks) 3.1.3 Benefit Cost Ratio [expressed to three decimal places) and indicate whether the company should consider investing in the project or not. (6 marks) INFORMATION Benten Limited intends investing in a new project. The following details relate to one of the projects it can choose from: _ mo Expected useful life Minimum required rate of return \" Expected net cash inflows and net profit: Net cash Inflows Net prot End of Year 1 R220 000 R20 000 Year 2 R240 000 R40 000 Year 3 R320 000 R120 000 Year 4 R260 000 R60 000