As a financial manager, you are evaluating an investment which has a payback period of 8 years and a cost of $800,000. The required return is 10 percent. Assume the cash flows are conventional. a. How much is the worst-case NPV? Elaborate. (10 marks) b. How much is the best-case NPV? Elaborate. (10 marks) c. What kind of problems with payback period criterion are reflected in this case? (5 marks) As a financial manager, you are evaluating an investment which has a payback period of 8 years and a cost of $800,000. The required return is 10 percent. Assume the cash flows are conventional. a. How much is the worst-case NPV? Elaborate. (10 marks) b. How much is the best-case NPV? Elaborate. (10 marks) c. What kind of problems with payback period criterion are reflected in this case