LBS Ltd uses the payback period as its sole investment appraisal method. LBS invests $30,000 to replace its computers and this investment returns $9000 annually for the five years. From the information above evaluate the investment using the payback. Assume that $9000 accrues evenly throughout the year. A company C is also planning to undertake another project requiring initial investment of $50 million and is expected together to generate $10 million in Year 1 ,$13 million Year 2, $16 million in year 3 $19 million in Year 5 and$22million in year 6 Calculate the payback value of the project.