Q$.5$ Zenith Industries are thinking to build up a Machinery in the organization, the

investment behind this Project is Rs$\mathrm{.}20,00,000.$ The Project consisting period

of $5$ Years utility, Estimated salvage value of the Project is Zero, estimated by

the company. Project manager used Straight$-$line method for depreciation

calculation of the project. Tax slab of the Organization is $50\%.$ The expected

cash flow before depreciation and taxes of the project are as under;

You are Required to determine;

$($a$)$ Net Present Value of the Project, If Cost of Capital is $10\%$

$($b$)$ Workout Discounted Payback period of the Project, If the Cost of Capital is

$12\%$

OR

$($a$)$ Internal Rate of Return of the Project

$($b$)$ Pay Back Period of the Project