Atty. Munar invested P280, 000 which will be used in a project that will produce a uniform annua revenue of P180,000 for 5 years and then have a salvage value of 15% of the investment. Out of-pocket costs for operation and maintenance will be P80,000 per year. Taxes and insurance wil be 3% of the first cost per year. Atty Munar expects capital to earn not less than 30% before income taxes. Is this a desirable investment? What is the payback period of the investment? 13-14. Calculate using Rate of Return Method. A. No, 23.23% B. Yes, 32.23% 15-16. Calculate using Annual Worth Method. C. Yes, 32.32% A. No, excess annual cash inflows over cash outflows is (-18718) B. Yes, excess annual cash inflows over cash outflows is (18718) C. No, excess annual cash inflows over cash outflows is (-17818) D. Yes, excess annual cash inflows over cash outflows is (17818) 17-18. Calculate using Present Worth Method. A. No, PW of the net cash flows is (-49550) B. No, PW of the net cash flows is (-45590) C. Yes, PW of the net cash flows is (45590) D. Yes, PW of the net cash flows is (49550) 19-20. Calculate using Future Worth Method. A. Yes, FW of the net cash flows is (169722) B. Yes, FW of the net cash flows is 169272) C. No, FW of the net cash flows is (-169722) D. No, FW of the net cash flows is (-169272) 21-22. Calculate using Payback Method. A. 2.4 years B. 2.5years D. No, 23.32% C. 2.6years D. 2.7years