Calculate the following from the information given below:

$4\mathrm{.}1\mathrm{.}1$ Payback Period $($expressed in years, months and days$).$

$4\mathrm{.}1\mathrm{.}2$ Accounting Rate of Return on initial investment $($expressed to two decimal places$).$

$4\mathrm{.}1\mathrm{.}3$ Internal Rate of Return $($expressed to two decimal places$)$ if the net cash inflows are

R$400000$ per year for five years. Your answer must include two net present value

calculations $($using consecutive rates$/$percentages$)$ and interpolation.

INFORMATION

Fego Limited is considering the purchase of Machine X$,$ details of which are provided below:

Year R

Initial investment $0(1500000)$

Net cash inflows: $1480000$

$2600000$

$3380000$

$4272000$

$5360000$

The cost of capital is $12\%.$ Depreciation is calculated using the straight$-$line method. No scrap value is

expected for the machine. Ignore taxes