Fortune Food Company is expanding and therefore considering a long-term capital investment in a high-tech food-packaging equipment. This will require an investment of RM280,000, and it will have a useful life of 5 years. Annual net income is expected to be RM16,000 a year. The annual depreciation charge is RM56,000. The company's capital cost is 10%. Assume cash flows can be computed by adding back depreciation expense. Required: Compute the: i Cash payback period for the project. (5 marks) (CLO3 PLO8C4/CLO3: PLO12:04) ii. Net present value for the project. (8 marks) (CLO3:PLO8:C4/CLO3: PL012:C4) ii. Annual rate of return for the project. (4 marks) (CLO3:PLO8:04 / CLO3: PL012:04) iv. Should the project be accepted? Provide reason to your