Heading 1 Monal Ne Spacing Heading 1 Healing Font Paragraph Sly Page 8 of 12 b) A project requires an initialcash outflow of RO 50,000. The cash inflows before tax for 4 years are RO30,000, RO20,000, RO10,000, RO40,000. Corporation tax, at a rate of 5% of taxable income, is payable. The firm's cost of capital is 12%. Calculate, Payback period. Discounted Pay-back period and NPV. Compare between the first two results as a manager which one you will select and why? (PV@12% YI 8929, 92.7972, 13.7118) Depreciation=30000/4125000 vear Cash Tax 5% Cash flow Depreciation Cash flow