Q1: Payback period of the project (you are given a new formula to apply and conclude) The firm is applying its own developed formula to calculate the Payback period of introducing a new machine that costs $430 000 and gives the company a yearly net cost saving of $89 583. The firm needs to get back its invested money in 5 years, should the company accept the investment? Now, knowing that cost saving is considered as a cash flow will the firm decision change if they applied a 0.03% discount rate to calculate time related payback method? The used formula is: Payback period = Investment required to purchase the machine/Net annual cost savings