please try to elaborate on what should be done with regard to the following questions

PART B Merati Plc is considering investing in a new machine at a cost of RM50,000. The respective cash ows are as follows: E\" Year 1 18,000I Year 2 16,000 Year 3 40,000 Year 4 45 ,000 Year 5 35 ,000 The company's cost of capital is 13 per cent. Required: (a) Critically explain and evaluate for the followings. (i) The payback period for the project (ii) The net present 1calue (iii) The internal rate of return (b) You are the General Manager of the Finance Department at Merati Plc. Critically describe to the Board of Directors the process of planning and controlling business activities through capital investment decisions. Support your discussion with reference to literature