(a) Best-Glove, is a maker of disposable domestic-use gloves. The firm is considering the purchase of a production machine. This investment requires an initial outlay of RM40,000 and will generate free cash inflows of RM7,000 in years 1 through 5, RM8,000 in year 6, RM10,000 in year 7, RM15,000 in year 8, RM10,000 in year 9 and RM4,000. If the required rate of return is 10 percent; 1. Calculate the Payback Period? 2. Calculate the Net Present Value (NPV)? (2 MARKS) (3MARKS) (b) Sakura-Food Sdn. Bhd., has been presented with an opportunity to invest in a project. Investment Required is RM60,000,000, Annual Gross Income is RM14,000,000, Annual Operating Costs is RM5,500,000 and nil for Salvage Value after 10 years. The project is expected to operate as shown for ten years. If your management expects to make 10% on its investment before taxes. Calculate the Internal Rate of Return (IRR) for this project and would you recommend Honeydew Sdn. Bhd. this project? Explain. (5MARKS) (c) Many acts such as deception, bribery, forgery, extortion, corruption, theft, conspiracy, embezzlement, misappropriation, false representation, and concealment have been used to describe the term fraud. Discuss the five (5) ethics in financial management. (5MARKS)