BEST SDN BHD is attempting to evaluate the feasibility of investing RM95,000 in a piece of equipment that has a 5-year life. The firm has estimated the cash inflows associated with the proposal as shown in the table. The firm has a 12% cost of capital. Year (t) Cash inflows (CFt) 1 RM20,000 2 RM25,000 3 RM30,000 4 RM35,000 5 RM40,000 (i) Calculate the payback period

(ii) Calculate the net present value (NPV)

(iii) Calculate the internal rate of return (IRR)

(iv) Evaluate the acceptability of the proposed investment using NPV and IRR. Suggest the recommendation would you make towards the implementation of the project