Basra Real Estate Development, a property development company in Iraq, evaluates a potential investment opportunity to acquire land for a residential housing project. The investment requires an initial outlay of IQD 100,000,000 and is expected to generate annual cash flows of IQD 30,000,000 over the next five years. Using net present value (NPV), internal rate of return (IRR), and payback period methods, assess the feasibility of the investment and provide a recommendation to Basra Real Estate Development's management. Consider relevant factors such as risk, time value of money, and strategic alignment with the company's objectives in your analysis.