• PQR Corporation is considering selecting a machine out of two options. The company's cost of capital is 8% and the tax rate is 30%. Other information related to both machines is as follows:

Particulars	Machine X	Machine Y
Cost of machine	1,000,000	1,300,000
Expected life	10 years	10 years
Annual Income (before Tax & depreciation)	150,000	200,000

• Depreciation is charged on a straight-line basis. You are required to calculate: a. Discounted payback b. NPV c. Profitability index d. Payback period