Beta Technologies is assessing a new project which requires an upfront investment of EUR 200,000. The expected cash flows from the project are as follows:

Year	Cash Flows (Project Z)
Initial Investment	(200,000)
1	50,000
2	60,000
3	70,000
4	80,000

Requirements: a. Determine the payback period for Project Z. b. Calculate the NPV of the project if the discount rate is 7%. c. Should Beta Technologies proceed with the project based on the NPV rule? Explain your reasoning.