a. B Company is considering purchasing equipment that costs Ghc235,000. The equipment has an estimated useful life of 5 years and no salvage value. B Company believes that the annual cash inflows from using the equipment will be Ghc65,000. Required: i. Calculate the net present value of the equipment assuming that B Company's cost of capital is 10%. Is the equipment an acceptable investment? EV (9) ii. Calculate the net present value of the equipment assuming that B Company's cost of capital is 12%. Is the equipment an acceptable investment? EV (9) iii. Explain the use of pay back period and what are the flaws of the method as compared to NPV method of evaluating cash flows. AP(7)