PART A Sweety Fashions is considering the purchase of computerized clothes-designing software. The software is expected to cost RM320,000, have a useful life of five years, and have no salvage value at the end of its useful life. Assume that tax regulations permit the following depreciation patterns for this software: Year 1 2 3 4 5 Percent Deductible 20 32 19 15 14 BAC2624 MANAGEMENT ACCOUNTING 2 241 March 2020 The company's tax rate is 35 percent, and its cost of capital is 7 percent. The software is expected to generate the following cash savings and cash expenses: Year 1 2. 3 4 5 Cash Savings (RM) 122,000 134,000 144,000 120,000 96,000 Cash expenses (RM) 18,000 16,000 26,000 18,000 10,000 Required: i. Calculate after-tax operating cash flows from Year 0 until Year 5. ii. Based on your answer in (1), determine the payback period and the net present value of the software. 11. What is the purpose of the discounted cash flow methods in capital budgeting? Explain