A car manufacturer has decided to make a significant investment into expanding its presence in Africa by setting up a large assembly facility in Kenya. It has estimated its initial set-up costs to be 6,398m Kenyan Shillings. Forecast net cash flow from the project is detailed below:

Year	Net Cash Flow (in Kenyan Shilling)
1	1,400m
2	1,450m
3	1,550m
4	1,625m
5	1,480m

1. Calculate the projected payback period for the project to the nearest month.

2. Calculate the projected discounted payback period for the project to the nearest month.

3. Calculate the Net Present Value of the project using a discount factor of 5%.

4. Comment on the attractiveness of the project.