Pika Company Limited is evaluating a project that will manufacture new cooking oil. The project will require the purchase of machine at a cost of Ksh 4,600,000, installation cost of Ksh 400,000 and training of employees on how to use the machine at a cost of Ksh 300,000. The machine is expected to have a useful life of four years with a salvage value of Ksh 200,000 though it is expected to fetch Ksh 400,000 in the market. Management conducted a market survey at a cost of Ksh 325,000 and found projected demand for the cooking oil units as follows Year 1 2 3 4 Demand 28,000 units 35,000 units 45,000 units 48,000 units Selling price is set at Ksh 600 per unit in year one and would be increased by 5% per year. Direct material cost per unit is Ksh 100 and it's expected to remain constant Direct labour cost is Ksh 180 per unit in year 1 and it's expected to increase at 8%. Cash overheads will remain constant at Ksh 2,500,000 per year. Sales agents will be paid a commission of 2.5% of sales every year. At inception, an investment in working capital of Ksh 400,000 will be done and will be maintained at 5% of sales in every year. All gains and losses are taxed at 30%. The discount rate is 20%. Required. (0) Evaluate the suitability of this project using net present value. (W) Discuss other non-quantitative factors that should be considered before accepting this proposal