19. Conducting an investment appraisal for a capital project, consider the following data:

Category	Year 1 ($)	Year 2 ($)	Year 3 ($)	Year 4 ($)	Year 5 ($)
Cash Inflows	30,000	35,000	40,000	45,000	50,000
Cash Outflows	60,000

Your requirements are as follows:

• Calculate the net present value (NPV) of the investment using a discount rate of 12%.
• Determine the payback period for the investment.
• Present the NPV and payback period calculations in a table format.
• Provide a paragraph discussing the investment's financial viability.
• Discuss the risk factors associated with the investment.
• Include a bullet list of recommendations based on the investment appraisal results.