AC Ltd has to evaluate whether to invest in the following project. The cost of the investment is $200,000. The project cash inflows would be $60,000, $100,000, $100,000 and $60,000 at the end of each year for the next 4 years. The cost of capital is 7%. If the required payback period is 2.50 years, should the firm go ahead with the project? Show all necessary workings. Show all your works