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PAYBACK PERIOD THECHNIQUE Using payback period method RAK expected to recover its initial investment of $100,000 in three (3) years. i. Compute the payback period

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PAYBACK PERIOD THECHNIQUE Using payback period method RAK expected to recover its initial investment of $100,000 in three (3) years. i. Compute the payback period for this investment. 3marks ii. Using payback period method, would you be willing to invest in this project? 3 marks iii. Using both NPV and payback period methods, would you be willing to invest in this project? Why? Why not? Please explain. 4 marks

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