a) Kitwe city council under the leadership of his worship the Mayor Christopher Pikiti Kangombe is considering an investment project in a new machinery. It is anticipated that this investment project will enhance the councils cash flow. The annual incremental profits/ (losses) relating to the investment are estimated as follows. Year K 1 (22,000,000) 2 6,000,000 3 68,000,000 4 94,000,000 5 16,000,000 The investment at the start of the project would be 350,000.The investment sum, assuming nil disposal value after five years, would be written off using the straight line method. The depreciation has been included in the profit estimates above, which should be assumed to arise at each year end. Assume the cost of capital is 10% Year 0 Year1 Year2 Year3 Year4 Year5 D.f 1.00 0.909 0.826 0.751 0.683 0.621 Required Calculate the following: i. Net present value (NPV) of the investment. ii. Payback period of the investment. iii. Internal rate of return (IRR). iv. Accounting rate of return (ARR). v. Discounted payback period.