C. KCM Holdings Ltd. is evaluating a new project for their firm. The firm expects to receive a stream of K250,000 per annum for 4 years. The project has an initial cost of K800,000. The company's cost of capital is 25%. Required: i. Determine the exact payback period for this project. (2 marks) ii. Evaluate the NPV of this investment at a rate of 10%. (3 marks) (3ii. iii. Evaluate the NPV of this investment at a rate of 32%. (3 marks) iv. Evaluate the Internal rate of return. (3 marks) v. Should the project be accepted or rejected? Justify. (1 mark) vi. Briefly explain the difference between mutually exclusive and independent projects. (4 marks)