Practical Activity 4.1 MLtd. is planning to invest in a project. The initial investment required for the project is R50 000. Its stream of expected earnings before interest, tax depreciation and amortisation, (EBITDA) for five years is given below. Year 1 2 3 4 5 EBITDA R12 000 R15000 R18 000 R19 000 R20 000 Yearly interest is zero. Tax rate is 28%. Depreciation is charged on straight-line basis. The salvage value is R5000. Should the firm accept this project if the minimum accounting rate of return required by the company is 20%