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A project has following cash flows: Year 0 : -70,000 dirham Year 1 : 20,000 dirham Year 2 : 40,000 dirham Year 3 : 20,000

A project has following cash flows:

Year 0 : -70,000 dirham

Year 1 : 20,000 dirham

Year 2 : 40,000 dirham

Year 3 : 20,000 dirham

If your required payback year is 2 , would you accept this project? why? (Show all calculations

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