411 Company is considering investing in new computers that will have a three- year' life and then be traded for new ones. The purchase price of the computers is Kshs. 1,900million with software cost of Kshs. 200 million and requires a working capital of Kshs. 700 million that will be recovered at the end of the computers life. The computers will be sold for cash Kshs. 400million at the end of the third year. The computers will have additional revenue of Kshs. 840 million and incremental fixed costs are expected to be Kshs. 240million per year. Depreciation will be done on a straight line basis. The company has a cost of capital of 10% per annum and the tax rate is 30%. The finance manager thinks that an investment with higher NPV is better and should be chosen while the management thinks the project with higher IRR should be undertaken. Required: determine the cash-flow of 411 Company per the three years of the investment and appraise the project using PBP, ARR and NPV (29 Marks)