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An investment has the following cash flows: Required: 3.1 Calculate the Payback period. (4) 3.2 Calculate Net present value (NPV) at 12% cost of capital.

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An investment has the following cash flows: Required: 3.1 Calculate the Payback period. (4) 3.2 Calculate Net present value (NPV) at 12% cost of capital. (9) 3.3 Explain whether or not the investment should be accepted. Provide reasons for your decision. (3) 3.4 Evaluate the payback period method as a technique for investment appraisal

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